JM acquiring property in Älvsjö, Stockholm
Together with Familjebostäder, JM is acquiring part of the Kabelverket 2 and Kabelverket 7 properties in Älvsjö, Stockholm. The cost of the transaction for JM is SEK 199 million. Occupancy and payment are expected to be completed by January 2015.The properties are being acquired from Valad and are part of the Älvsjöstaden development area. They will supplement JM's and Familjebostäder's previous acquisition of the Sandaletten 1 property in 2012. The properties previously housed operations for Ericsson, for example. Local planning for the area is underway, which includes around 900