JM selling property in Skien and Röyken, Norway

JM has signed an agreement to sell the Morbergtoppen property in Röyken Municipality and the Tollnes property in Skien Municipality. The deal is worth SEK 71m.

The properties are located in Röyken Municipality, south of Slemmestad, and in Tollnes Municipality, outside of Skien. The transaction is in line with JM’s strategic focus on large growth areas. Occupancy for the buyer will take place in Q1 2019, which is also when partial payment will be made. The remaining amount will be paid in Q2 2019. The sale’s positive outcome is SEK 38m, and it will be reported as gains on the sale of property in Q1 2019 under the JM International business segment.

For additional information, please contact:
Martin Asp, CEO JM Norway, +46 (0)8 782 89 85
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:00 CET on 2019-03-18.

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 16 billion and the company has about 2,600 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.

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