ARTICLES TAGGED WITH "JM"

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.

JM Sells Apartments to Icecapital

Finland Finland — JM Finland and Icecapital Housing Fund VI Ky have signed an agreement for the construction of 128 rental apartments in the Puustellinkallio area in Leppävaara, Espoo.

JM Appeals the Court of Appeal's Judgement on Consolidation of Tenant-owners Associations

Sweden Sweden — The Court of Appeal has issued a judgement which means that JM must consolidate tenant-owners associations during production in its consolidated financial statements according to IFRS. JM's appeals the judgement to the Supreme Administrative Court

JM's CFO Leaves the Company

Sweden Sweden — Change in JM's Executive Management – CFO Carl Bandhold leaves the company.

JM Acquires Building Rights in Gothenburg

Sweden Sweden — JM has acquired building rights for the development of approximately 130 residential units located in the Eriksberg district in Gothenburg. The acquisition amounts to approximately SEK 160 million, with occupancy and payment in Q4 2022.

Annica Ånäs Leaves JM’s Board of Directors

Sweden Sweden — Due to the recruitment of personnel, representatives of JM assess that there is a risk of a conflict of interest between Annica Ånäs’s role as board member of JM and her role as CEO of Atrium Ljungberg. Annica Ånäs has therefore chosen to leave JM’s Board of Directors.

JM and Obos to Create Residential JV – Acquires Property

Sweden Sweden — Through a 50-50 joint venture with OBOS Nya Hem AB, JM has aquired a property in Lund, which in a future detailed plan is assessed to allow for the development of commercial premises and approximately 2,500 residential units. The acquisition amounts in total to SEK 725 million.

JM Acquires Building Rights from Platzer

Sweden Sweden — JM has acquired building rights for the development of approximately 330 residential units located in the Gamlestaden district in Gothenburg from Platzer.

SBB Conducts a Strategic Review of its Holding in JM

Sweden Sweden — Samhällsbyggnadsbolaget i Norden through its development and transaction team, in collaboration with an internationally renowned valuation firm and leading Nordic real estate consultants, has carried out a comprehensive analysis of the value of its associated company JM. The value assessment shows that the value of JM's assets preliminary amounts to approximately SEK 36 billion. In light of this assessment, SBB has decided to carry out a strategic review of its holding in JM.

JM Sells Office Project to Swedish Authority for SEK 2.4 Billion

Sweden Sweden — JM has signed an agreement with the Swedish Fortifications Agency for the sale of the office project K1 Karlbergs Strand in Solna. The transaction amounts to SEK 2.4 billion.