JM acquiring property in Älvsjö, Stockholm

Together with Familjebostäder, JM is acquiring Sandaletten 1, a commercial
property located in Älvsjö, Stockholm Municipality. The cost of the transaction
for JM is SEK 106m. Occupancy and payment are expected to be completed by
January 2013.
Local planning has been underway for a year and is planned to be completed
during the course of 2014. The property has previously housed activities for
Ericsson, amongst others. JM is purchasing two-thirds of the property, and is
planning to build approximately 300 tenant-owned apartments. Familjebostäder is
purchasing one-third, and is planning to build 150 rental units.

"The acquisition reinforces JM's opportunities to continue taking part in the
development of Stockholm's southern areas where demand for housing is great. The
property has a very attractive location close to public transportation and green
areas. Cooperation with Familjebostäder is very positive since we complement one
another in the area with our mixture of different forms of tenure," says Pär
Vennerström, regional manager, Stockholm South.
For more information, contact:
Pär Vennerström, Regional Manager Stockholm South. Phone: +46 (0)8-782 89 12
Anna Dahlman, Press Office Phone: +46 (0)8-782 88 63
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 the main focus 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 shall promote long-term quality and environmental
management in all its operations. Our annual sales total approximately SEK 13
billion and the company has about 2,300 employees. JM AB is a public limited
company listed on the NASDAQ OMX Stockholm, Mid Cap segment.