JM — M&A Activity 2011

Mar 8, 2011

JM acquires property in Frihamnen, Stockholm

JM is acquiring the property Haifa 1 in Frihamnen in Stockholm. Brostaden InvestAB is the seller. The leaseable area of the building, which is fully leased, is 3,749 square meters. The deal amounts to 86 million. Occupancy and payment will take place on March 15.

"This is a strategic acquisition in a future development area in Stockholm," says Zdravko Markovski, business unit manager at JM.

For more information, please contact:

Lars-Olof Höglund, head of JM Property Development: +46 (0)73-688 89 83 Tomas Eriksson, press officer: +46 (0)8-782 86 61

JM is one of the Nordic region's leading developers of housing and residential areas. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 9 billion and the company has about 2,100 employees. JMAB is a public limited company listed on NASDAQ OMXStockholm, Mid Cap segment