JM Construction selling property in Värmdö, Stockholm

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 Q3 2019, which is also when payment will be made. The sale’s positive outcome is SEK 12m, and it will be reported as gains on the sale of property in Q3 2019 under the JM Construction business segment.

JM Construction is planning to gradually sell more zoned industrial land in the area up to 2021. The land’s local plan allows construction within retail, industry, warehousing and logistics.

“The sale of the property is one part of efforts to link the Ekobacken area with the retail hub at Värmdö Marknad. It is also very positive that through the deal, JM will help a local sanitation company have a positive impact on the environment by being able to coordinate and streamline operation of its fleet of vehicles. Doing so will significantly reduce carbon dioxide emissions,” says Sören Bergström, president of JM Construction.