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ARTICLES TAGGED WITH "JM"

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.

JM Acquires Properties for Residential Development in Huddinge

Sweden Sweden — JM has acquired five properties and signed a conditional agreement for an additional two properties in the Segeltorp industrial zone of Huddinge municipality. The properties are estimated to have the possibility of developing approximately 600 residential units in a future detailed plan. The acquisition of the five properties amounts to approximately SEK 270m, with payment in the second quarter of 2022.

JM Makes Järfälla Purchase

Sweden Sweden — JM acquiring properties for residential development in Järfälla.

JM Makes Investment for Residential Development in Espoo

Finland Finland — JM is acquiring a property in Kera, Espoo in The Greater Helsinki area. Occupancy and payment will take place in Q4, 2021. The acquisition is worth approximately SEK 150 million. The property’s local planning will be prepared by JM, aiming to enable a development of approximately 500 residential units, various services and other functions like business premises.

JM Acquires Building Rights from Kungsleden

Sweden Sweden — JM is acquiring building rights from Kungsleden for the development of around 105 residential units centrally located in Mölndal, south of Gothenburg.

JM’s Investment Targets in Finland

Finland Finland — Markus Heino, President of JM Finland, on the recent acquisition, the attraction to the Pasila area, whether the Finnish operations are scheduled as planned, and where they focus on development, going forward.

Reasons Behind Obos' Divestment of JM Shares to SBB

Sweden Sweden — Ingunn Andersen Randa, Executive Vice President at Obos, on the sale to SBB.

SBB Acquires 20 Percent of the Shares in JM

Sweden Sweden — Samhällsbyggnadsbolaget i Norden has acquired 13,975,000 shares in JM at a price of SEK 326.30 per share from OBOS, corresponding to SEK 4.56 billion.

JM Makes Large Divestment to SPP

Sweden Sweden — JM has signed an agreement with SPP Fastigheter for the sale of two rental properties. The transaction amounts to approximately SEK 1.3 billion with a profit of approximately SEK 390 million.

JM Appoints CFO

Sweden Sweden — JM announces the appointment of Carl Bandhold as the new chief financial officer after current Chief Financial Officer Claes Magnus Åkesson retires.

JM Acquiring Building Rights in Solna for MSEK 364

Sweden Sweden — JM is acquiring building rights from Vasakronan for approximately 360 residential units in Järvastaden, Solna, which is located north of Stockholm. The transaction is worth SEK 364 million, and occupancy and payment will take place in Q1 2021. JM has been active in Järvastaden since 2006 and will continue developing the area through the acquisition.

JM Buys Building Rights for Development in Västerås from Kungsleden

Sweden Sweden — JM has signed an agreement with Kungsleden AB to acquire the property Västerås Isolatorn 12. The deal is worth approximately SEK 120 million.

JM Creates a Structure for Long-Term Management of Rental Housing

Sweden Sweden — JM is creating and taking responsibility for a structure for completed rental unit properties where JM has a commitment to secure long-term management.

JM Obtains Legal Title for Office Building Rights

Sweden Sweden — The detailed planning for JM’s office project K1 Karlbergs Strand has gained legal force, and JM will obtain legal title and pay for the property during the fourth quarter of 2020. The purchase amount is approximately SEK 190 million, and construction is expected to begin in early 2021.

JM Acquires Building Rights in Södertälje

Sweden Sweden — JM has signed an agreement with Södertälje Municipality to acquire the Karlevik 4:1 et al property in Södertälje, Stockholm. The property’s detailed plan has gained final approval, and the acquisition enables development of approximately 450 residential units.

Wihlborgs Sells Housing Development Rights in Malmö

Sweden Sweden — Wihlborgs has signed an agreement for the sale of the Torrdockan 7 property in Malmö with planning permission for around 170 homes and 700 sqm of commercial space.