JM acquires lakeside property in Bromma, Stockholm
JM has concluded an agreement with Profi Fastigheter for acquisition of the property Racketen 10, in Alvik, Stockholm. The transaction is worth SEK 800 million with occupancy and payment expected to take place in the fourth quarter of 2015.The property comprises a number of office buildings of a total of approximately 26,000 m2 letting area. JM will work towards ensuring that a new detailed development plan is prepared with the aim of developing 500-600 residences within the property. Racketen 10 is located by the water and a large part of the new residences will have a sea view across the