JM Acquires Property in Espoo

Finland Finland 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.

2018-07-06

Share via e-mail

The deal is worth EUR 23M 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 walking distance of the shopping center and public transit. This is a strategic acquisition and forms a good foundation for several years of sales and production. We are well prepared, and sales will begin in the fall,” says Markus Heino, president of JM Finland. 

JM will certify all new residential units in Finland, Sweden and Norway according to the Nordic Swan Ecolabel. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




YIT Launches a New Housing Development in Moscow

Finland Finland YIT continues the construction of the Finskiy development in the city of Shchyolkovo northeast from Moscow with its eighth apartment building in the district. The new 16-storey building will house 300 apartments ranging from studios to three-bedroom flats, with a total floor area of 13,500 square metres.


NCC Builds Residential for Elo

Finland Finland NCC will build 70 homes for Elo in Vantaa.

VVT Acquires Martinlaakson Ostari in Vantaa

Finland Finland VVT Property Fund I Ky acquires the Martinlaakson Ostari shopping centre from a fund managed by Cerberus Capital Management.

Conficap Purchase 33,000 sqm Offices

Finland Finland Conficap acquires three office properties located in Pitäjänmäki, Helsinki from a fund managed by Aberdeen Standard Investments.

The Strenghts of Turku

Finland Finland Trevian invests in Turku. Amalia Pöyry, Fund Manager, tells Nordic Property News what makes Turku interesting to Trevian and the company’s future in the city.


Cibus Acquires Six Properties

Finland Finland Cibus has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, Cibus has refinanced one of its three senior-loan facilities.

New CEO and COO at Citycon

Finland Finland The Board of Directors of Citycon has appointed F. Scott Ball as Citycon’s new CEO. Henrica Ginström becomes new COO.

Trevian Buys in Turku

Finland Finland Trevian purchases three properties in Raisio, Turku, from Kiinteistövarainhoito KVH.

Sagax Expands in Finland

Finland Finland Sagax acquires a warehouse property in the Vantaa, Helsinki and two propertis in Eindhoven in the Netherlands.

Why Cibus Replaces their CEO

Finland Finland The Pareto company Cibus has had a very successful start since the giant acquisition of grocery stores in Finland. Despite this they have now chosen to replace their CEO. Chairman Patrick Gylling tells Nordic Property News about the change in CEO , the company’s new phase and why they are considering another CEO located in Sweden.