JM Construction selling property in Värmdö, Stockholm

Press release 2019-04-26

JM Construction has signed an agreement to sell the Gustavsberg 1:523 property. The deal is worth SEK 60m.

The property is located in the Ekobacken area of Gustavsberg in Värmdö Municipality, which is about 20 km east of central Stockholm. Occupancy for the buyer will take place in Q2 2019, which is also when payment will be made. The sale’s positive outcome is SEK 34m, and will be reported as gains on the sale of property in Q2 2019 under the JM Construction business segment.

The sale of the property is important in terms of connecting the Ekobacken area with the retail hub at Värmdö Marknad. The local plan allows construction within retail, industry, warehousing and logistics.

“We plan to sell more zoned industrial land in the Ekobacken area up to 2021, and are therefore very positive to the construction being planned for the property we sold,” says Sören Bergström, CEO JM Construction.

Media contact

Katarina Rimmerfeldt

Head of Group Communications

Heidi Ekberg

Communications and Media JM AB