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.
JM Acquires Property in Espoo
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.<br />
Maria Olsson Äärlahtmaria@nordicpropertynews.com