JM acquiring property in Kongahälla, Kungälv

The acquisition comprises two blocks with building rights for 260 dwellings.
Construction on the first block is planned to start in December 2016.
The blocks, which form part of the properties Komarken 1:1, 1:9 and 1:10, are
being acquired from the Municipality of Kungälv. Each block is expected to
contain approximately 130 dwellings plus commercial premises on the ground
floor. Around 900 dwellings and commercial premises for retailing, restaurants
and a pre-school are planned in the Kongahälla area as a whole.

JM intends to help develop Kongahälla as an integrated part of Kungälv town
center. This will be done in close cooperation with the Municipality of Kungälv
and other developers.

“This acquisition in Kongahälla means we can maintain our longstanding presence
in Kungälv and we look forward to continuing to be one of the leading lights in
community development here. We look forward to getting started straightaway in
creating a socially and environmentally sustainable district with a mix of
residential homes and commercial premises. Kongahälla will be a vibrant and
integrated part of the town and become a natural extension of Kungälv town
center,” said Martin Svahn, Regional Manager, JM West Region.

The property is being purchased for SEK 37 million, not including street and
planning costs. The majority of the acquisition will be paid in association with
the granting of building permits for the respective blocks, which is assessed to
be made in the period of 2016-2019.
For additional information, please contact:
Martin Svahn, Regional Manager at JM, West Region, +46 (0)31 703 58 75
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29
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, Denmark, Finland and Belgium. We are also involved in project
development of commercial premises and contract work, primarily in the Greater
Stockholm area. JM seeks to promote long-term quality and environmental
considerations in all its operations. Annual sales total approximately SEK 15
billion and the company has about 2,300 employees. JM is a public limited
company listed on NASDAQ Stockholm, in the Large Cap segment.