JM selling properties in Bergen

JM has signed an agreement with Rudenhaugen AS for the sale of five properties in Bergen. The transaction amounts to approximately SEK 62m.

The properties being sold consists of five older single-family homes with property designation Inndalsveien 13, 15, 17, 19 and 21, whose total area amounts to approximately 2,400 square meters. The sales price amounts to approximately SEK 62m, which provides a profit from property sales of approximately SEK 19m. The transaction will be reported in the fourth quarter of 2025 within the business segment JM Norway. Partial payment is received in connection with transfer of legal title in the fourth quarter of 2025, and final payment will be received in the fourth quarter of 2026.

– JM's ambition is to continue growing in Bergen and has been an active housing developer in the area for many years. The sale is taking place within the framework of an ongoing evaluation of the building rights portfolio, says Hilde Vatne, Business Unit Manager JM Norway.

For additional information, please contact:
Maria Hagman, Regional Manager West, JM Norway, +47 402 94 107
Katarina Rimmerfeldt, Head of Communications, +46 73 432 61 20, press@jm.se

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 13 billion and the company has about 2,000 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.