Brief: JM Acquires Building Rights For Residential Development In Jessheim, Ullensaker

JM AB

29/09/2023 13:03

Sept 29 (Reuters) - JM AB  JM.ST :
    * JM ACQUIRING BUILDING RIGHTS FOR RESIDENTIAL DEVELOPMENT
IN
JESSHEIM, ULLENSAKER
    * ACQUISITION AMOUNTS TO APPROXIMATELY SEK 240M.
    * WILL TAKE OCCUPANCY OF LAND ON SEPTEMBER 29, AND PAYMENT
WILL BE
MADE NO LATER THAN OCTOBER 18, 2023
    * ACQUISITION WILL BE REPORTED AS DEVELOPMENT PROPERTY
WITHIN JM
NORWAY BUSINESS SEGMENT IN Q3 2023
    * PROJECT DEVELOPMENT WITHIN FRAMEWORK OF ACQUISITION TAKES
PLACE
DURING Q4 2023, WITH FIRST HOUSING START ESTIMATED FOR H1 2024

Source text for Eikon:  ID:nWkrcBSWm 
Further company coverage:  JM.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))