JM planning development of rental units in Uppsala

JM and Uppsala Municipality have signed a letter of intent regarding JM
acquiring land from the municipality and producing approximately 100 rental
units a year over a five-year period in Uppsala.
Uppsala’s population is increasing by 3,000-4,000 new inhabitants a year, and
new housing must be built to enable this growth. JM is planning for production
of the first stage to begin in 2016.

The project will be reported as project properties in the JM Residential Sweden
business unit.

"We are already building a lot of housing in Uppsala, and are naturally very
happy about cooperating with Uppsala Municipality and looking forward to being
able to produce rental units in this expansive city," says Per Johansson,
Regional Manager, East Region JM.



For more information please contact:

Per Johansson, Regional Manager, East Region JM: +46 8 66 03 39

Anders Stålhammar, Communications Manager JM: +46 8 782 19 18

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
the project development of commercial premises and contract work, primarily in
the Greater Stockholm area. JM should promote long-term quality and
environmental management in all its operations. Annual sales total approximately
SEK 13 billion and the company has approximately 2,200 employees. JM AB is a
public limited company listed on NASDAQ OMX Stockholm, Large Cap segment.