JM sells senior housing in Sköndal, Stockholm
JM has reached agreement for the sale of senior housing currently under construction in Sköndal, south of Stockholm. The project is being implemented by JM’s subsidiary Seniorgården AB that develops residential care housing in partnership with Stiftelsen Stora Sköndal (Stora Sköndal Foundation). The transaction is worth SEK 211 million.The project will comprise 108 apartments with a total residential floor space of 7,040 square metres. Income and profits from the deal will be reported on a running basis between 2013 and 2014 within the JM Property Development business segment.The buyer is