JM and Skanska continue to develop Täby Park

Now that the initial local plan has been adopted for Täby Park, JM and Skanska will continue developing the new neighborhood in Täby, north of Stockholm. Collaboration is based on a joint acquisition that was made in 2011, and each party owns 50%.In addition to the previously paid down payment, JM will pay SEK 253m in January 2018, in conjunction with the local plan being adopted. The underlying property value is approximately SEK 350m. Additional purchase sums till be set and paid as additional local plans are adopted. The project period as a whole is expected to be 20-25 years. The