JM will gain access through property regulation in two stages, during Q2 2019 and Q2 2020. The majority of the payment will be made during Q2 2019, with the remainder being preliminarily paid during Q2 2020.

The acquired property is Ekerö Tappsund 1:76 located in Ekerö in the vicinity of Ekerö center. The property is part of a larger development area and has gained final approval for a detailed plan of 100 apartments. The acquisition will be reported within the JM Residential Stockholm business segment in Q2 2019.

“As developers with a long-term focus, we are very pleased to continue the development of the area around Ekerö center. It is an attractive area, close to water and transportation,” says Elin Blixt, Regional Manager of JM Stockholm South.