ARTICLES TAGGED WITH "JM"

JM sells property in Tønsberg

Norway Norway — JM has signed an agreement for the sale of a property located in Tønsberg, in Vestfold county.

JM buys Norwegian building rights

Norway Norway — JM has signed an agreement for the acquisition of building rights for the development of approximately 350 residential units in Høn in Asker, just outside Oslo. The agreement is conditional on a legally binding detailed plan and amounts to approximately SEK 460 million (EUR 42 million).

JM comments on the notices and the interest rate cut

Sweden Sweden — On Tuesday morning JM announced that they are notifying 145 employees. It is mainly craftsmen in Stockholm and Malmö who are affected, according to CEO Mikael Åslund. He also comments on the news about the latest interest rate cut in Sweden.

JM announces potential lay-offs

Sweden Sweden — In order to adapt the operations to lower production volumes, JM is announcing 145 potential lay-offs within the production organization in Sweden due to redundancy.

JM sells rental property in Uppsala

Sweden Sweden — JM has signed an agreement with Hemvist for the sale of a rental property located in Bäcklösa, Uppsala. The transaction amounts to SEK 348 million (EUR 30 million).

Change in JM’s Executive Management

Sweden Sweden — Malin Lundgren, Director of Human Resources, has chosen to leave JM.

JM sells rental property in Järfälla

Sweden Sweden — JM has signed an agreement for the sale of a rental property located in Järfälla, Stockholm. The transaction amounts to SEK 497 million (EUR 45 million).

Johan Skoglund: "The banks are a bit more stingy these days"

Nordic — JM has submitted its interim report for the first quarter of 2024 and a satisfied Johan Skoglund meets the press in this, his very last presentation as president and CEO of the company. Because even though the financing budget has shrunk a little in recent years and revenues at national level have decreased, the company's sales are up by 60 percent compared to the previous year's report. "We plan to start more homes this year than we did in 2023," says Johan Skoglund to Nordic Property News.

JM sells rental property in Sundbyberg to Bonnier Fastigheter

Sweden Sweden — JM has signed an agreement with Bonnier Fastigheter AB for the sale of a rental property in Rissne, Sundbyberg. The transaction amounts to SEK 410 million (EUR 37 million).

Mikael Åslund new President and CEO of JM

Nordic — JM’s board has appointed Mikael Åslund as the new President and CEO from June 1, 2024. He will succeed Johan Skoglund, who will retire at the same time.

JM’s subsidiary AB Borätt makes Sollentuna acquisition

Sweden Sweden — JM’s subsidiary AB Borätt has acquired building rights for the development of approximately 220 residential units located in Sollentuna just north of Stockholm. The acquisition amounts to approximately SEK 150 million including a paid development contribution.

JM makes two new acquisitions in Norway

Norway Norway — JM has acquired building rights for the development of approximately 130 homes in Brundalen near the center of Trondheim and building rights for the development of approximately 75 homes in the center of Bergen.

Johan Skoglund on his 21 years as CEO of JM

Nordic — Johan Skoglund has announced to JM's board that he has decided to retire in June 2024. This after 37 years at JM, of which 21 as CEO. We had a little chat with the man who, for many, is the very soul of JM.

JM's President and CEO Johan Skoglund will retire in 2024

Nordic — After 37 years at JM, of which 21 as President, Johan Skoglund has informed the board that he has decided to retire in 2024. Johan Skoglund will leave JM in June 2024.

JM has never seen such low margins

Nordic — JM has already seen a tough start to the year where the number of homes sold has more than halved, and as a result they had to give the staff a notice. If they don't increase sales during this last quarter, more notice may be required, says the CEO. Despite that, they believe in coming transactions and construction starts in the near future.

JM and Icecapital sign deal for residential development in Espoo

Finland Finland — JM Suomi and Icecapital Housing Fund VI Ky have signed an agreement on the development of a residential property in the Finnoo area in Espoo.

JM sells investment properties in Stockholm

Sweden Sweden — JM has signed an agreement for the sale of investment properties located at Brommaplan in Bromma, Stockholm. The transaction amounts to SEK 283 million (approximately EUR 24.3 million).

Pre-purchased Homes Can Become a Problem for Housing Developers

Nordic — The housing developers suffer greatly from the pending purchase willingness of households when it comes to new construction housing. It is difficult to raise the level of pre-purchased homes, although most people believe that there are still few unsold apartments at completion. But for those who signed up for pre-sale, the situation now looks radically different, where there are now reports that the buyers are trying to pull out of sale. Nordic Property News has taken a closer look at how big the exposure is for the companies with their homes that are under production.

SBB Sells Shares in JM for SEK 2.8 billion

Sweden Sweden — SBB has sold 19 million shares in JM to Swedish and international investors. The transaction represents approximately 29.5 percent of the outstanding shares and votes in JM and was priced at SEK 148.10 per share, resulting in a total purchase price of approximately SEK 2.8 billion. The price per share corresponds to the closing share price in JM on Nasdaq Stockholm on 11 May 2023.

JM: The Stockholm and Finland Market is Most Affected by the Recession

Nordic — Wednesday evening 200 employees got the boot from JM. The day before the first quarterly report was presented. JM suffers from reduced purchasing power and a slowdown in construction, but CEO Johan Skoglund says that despite this, they hava achieved a record number of building permits.

The Supreme Administrative Court Rejects JM Application

Sweden Sweden — The Supreme Administrative Court announced on April 21, 2023, that it does not intend to hear the case between JM and Finansinspektionen with regard to JM’s annual report for 2017.

Development Plans for Listed Duo to Change

Sweden Sweden — Trianon and JM want to build several hundred homes next to the Entré shopping center in Malmö – but the plan will change slightly in connection with the fact that the land reference must now be extended. Nordic Property News takes a closer look at the project.

JM Appoints New Chief Financial Officer

Nordic — Tobias Bjurling will take over as CFO at JM AB on October 1, 2023.

JM Sells Rental Property in Järfälla

Sweden Sweden — JM has signed an agreement with Resinova Bostads AB for the sale of a rental property in Söderdalen, Järfälla. The transaction amounts to SEK 676 million.

JM Acquires Building Rights and Signs Agreement for New Head Office

Sweden Sweden — JM has acquired building rights from Fabege for the development of approximately 450 residential units located in Huvudsta, Solna. The property value in the acquisition amounts to MSEK 484, including a paid development contribution. Occupancy and payment will take place during the second quarter of 2023.