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JM selling commercial property on Lidingö, Stockholm

JM

JM has signed an agreement for the sale of a commercial property in the Dalénum area on Lidingö, Stockholm. The transaction amounts to approximately SEK 21m.

The property contains approximately 1,000 square meters of rentable space and is located in the former AGA area, now Dalénum, which JM has developed into a lively district with around thousand residential units, residential care units, services and modern offices.

The transaction, which amounts to approximately SEK 21m with a profit from sale of property of approximately SEK 14m, will be reported during Q4 of 2023 within the business segment JM Property Development. Payment will occur in connection with the transfer of legal title on October 9, 2023.

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