JM Construction selling property in Värmdö, Stockholm

JM Construction has signed an agreement to sell the Gustavsberg 1:523 property. The deal is worth SEK 60m.The property is located in the Ekobacken area of Gustavsberg in Värmdö Municipality, which is about 20 km east of central Stockholm. Occupancy for the buyer will take place in Q2 2019, which is also when payment will be made. The sale’s positive outcome is SEK 34m, and will be reported as gains on the sale of property in Q2 2019 under the JM Construction business segment. The sale of the property is important in terms of connecting the Ekobacken area with the retail hub at Värmdö