JM acquiring property in Espoo, Helsinki

JM is acquiring a centrally located school property in Leppävaara, Espoo in the Greater Helsinki area. The property’s detailed plan has gained final approval for 850 apartments.The deal is worth SEK 240m and will be reported in Q2 2018 under the JM International business segment. Payment will be made in Q3 2018. The acquired property is centrally located in Leppävaara, Espoo, close to both the Sello shopping center and the bus and train station. Current school activities will be moved to new premises at a different location.  “The property is nicely situated in Leppävaara, and is within