JM sells senior housing in Täby, Stockholm

JM has signed an agreement to sell a senior housing project under construction in Täby, Stockholm. The project is being implemented by JM's subsidiary Seniorgården AB, which develops residential care units in cooperation with Attendo. The deal is worth SEK 144 million.

The project consists of 54 apartments with useful floor area of approximately 4000 square meters. Revenue and profit from the transaction will be reported on an ongoing basis during 2014 within the JM Property Development business segment. HEBA is the buyer and occupancy is planned for Q4 2014.

"Cooperation with Attendo has been very good, and everything has functioned very smoothly. It is positive that HEBA is acquiring the project as the company has extensive and stable management experience," says Birgitta Seeman, who is the president of Seniorgården AB.

For more information please contact:
Lars-Olof Höglund, Head of JM Property Development, +46 8 782 89 83
Birgitta Seeman, President Seniorgården AB, +46 8 626 66 32
Anders Stålhammar, Communications Manager JM, +46 8 782 19 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 the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in the project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term quality and environmental management in all its operations. Annual sales total approximately SEK 13 billion and the company has approximately 2,200 employees. JM AB is a public limited company listed on NASDAQ OMX Stockholm, Large Cap segment.

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