JM AB

03/28/2018 | Press release | Distributed by Public on 03/28/2018 07:06

JM selling property in Larvik, Norway

Press release 3/28/2018 3:00 PM

JM has signed an agreement to sell the Terneveien property in Stavern, Larvik. The deal is worth SEK 14m.


The property is located in Stavern, south of Larvik. Occupancy and payment are expected to take place in Q4 2018. The sale's outcome is SEK 11m, and it will be reported as gains on the sale of property in Q1 2018 under the JM International business segment.
This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CET on 2018-03-28.

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 17 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.