Brief: JM Buys Buildings Rights For Residential Development In Gothenburg
18/10/2022 07:03
Oct 18 (Reuters) - JM AB JM.ST :
* JM ACQUIRING BUILDINGS RIGHTS FOR RESIDENTIAL DEVELOPMENT
IN
GOTHENBURG
* ACQUIRED BUILDING RIGHTS FOR DEVELOPMENT OF APPROXIMATELY
130
RESIDENTIAL UNITS LOCATED IN ERIKSBERG DISTRICT IN GOTHENBURG
* ACQUISITION AMOUNTS TO APPROXIMATELY SEK 160 MILLION, WITH
OCCUPANCY AND PAYMENT IN Q4 2022
* JM AB - ACQUISITION WILL BE REPORTED WITHIN JM RESIDENTIAL
SWEDEN BUSINESS SEGMENT IN Q4 2022
* PROPERTY HAS A DETAILED PLAN THAT HAS GAINED FINAL
APPROVAL AND
IS JUDGED TO ALLOW DEVELOPMENT OF APPROXIMATELY 130 RESIDENTIAL
UNITS AS WELL AS COMMERCIAL PREMISES ON BOTTOM FLOOR
* DUE TO DEVELOPMENT WORK IN CONNECTION WITH PROPERTY,
PRODUCTION
IS EXPECTED TO START IN 2026
Source text for Eikon: ID:nWkr7NVc04
Further company coverage: JM.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))