JM divests property in Enghave, Copenhagen

JM has agreed the sale of its property Enghave Brygge, in Copenhagen. The sale
amounts to 290 MSEK.
The property is located in central Copenhagen and consists of an undeveloped
plot with the opportunity to develop residential dwellings and commercial
premises. Following the sale of Enghave Brygge, JM's building rights portfolio
in Denmark consists of one property in Humlebäck and at present, no production
is in progress.

“The sale of Enghave is part of our strategy of concentrating our international
business on Norway and the development of our operations in Finland,” says
Martin Asp, Business Unit Manager, JM International.

Possession and payment is scheduled for December 2015. The sale will have no
effect on the income statement.
For additional information, please contact:
Martin Asp, Business Unit Manager JM International, +46 (0)8 782 89 85
Sepideh Imani, Head of Communication and Analysis, 46 (0)8 782 14 29
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 emphasis 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 seeks to promote long-term quality and environmental
considerations in all its operations. Annual sales total approximately SEK 15
billion and the company has about 2,300 employees. JM is a public limited
company listed on NASDAQ Stockholm, in the Large Cap segment.