The property being sold consists of undeveloped industrial land previously assessed to have potential for residential development corresponding to approximately 11,000 square meters of living space. The sales price amounts to approximately SEK 47 million, which provides a profit from property sales of approximately SEK 7 million. The transaction will be reported in the third quarter of 2024 within the business segment JM Norway. Partial payment is received in connection with transfer of legal title at the conclusion of the agreement, and final payment will be received in the fourth quarter of 2024.

”The property is located outside our primary geographic area and the divestment is thus in line with our strategic focus,” says Hilde Vatne, Business Unit Manager JM Norway.