JM is acquiring land in Jessheim forty kilometers north of Oslo, in an area with a detailed plan that has gained legal force and allows for the development of 500 residential units. The acquisition amounts to approximately SEK 240 million. JM will take occupancy of the land on September 29, and payment will be made no later than October 18, 2023.

The acquisition will be reported as development property within the JM Norway business segment in third quarter 2023. Project development within the framework of the acquisition takes place during Fourth Quarter 2023, with first housing start estimated for first half 2024.