Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Press release

JM selling residential project in Järfälla, Stockholm

JM

JM has signed an agreement with Capman for the sale of a rental project in Söderdalen, Järfälla. The transaction amounts to approximately SEK 687m.

The property being sold is the Bovetet project (Jakobsberg 2:2890), consisting of 205 residential units with a total of 11,164 square meters of residential area, 237 square meters of commercial area and 68 parking spaces in garage. The property is part of the larger Söderdalen development area in central Järfälla, where JM is implementing housing projects with various forms of tenure. Production started in the fourth quarter of 2024 and completion is estimated for the fourth quarter of 2027.

 

The transaction will take the form of a corporate sale with a property value of approximately SEK 692m and includes a deferred tax deduction of approximately SEK 5m. Revenue and profit will be recognized gradually over the course of the project within the JM Property Development business segment starting in the third quarter of 2025. Full payment will be received in connection with transfer of legal title in the fourth quarter of 2027.


The development of rental units in Söderdalen has enabled a higher pace and faster value realization in housing development with parallel projects of tenant-owned and rental units.

 

- It is positive to see that newly built high-quality rental properties are in demand. The sale of Bovetet improves the opportunities to invest in new projects, which is part of our strategy to develop rental properties on our own land, says Nicklas Backfjärd, Head of JM Property Development.

Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.