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JM selling properties in Bergen

JM

JM has signed an agreement with Rudenhaugen AS for the sale of five properties in Bergen. The transaction amounts to approximately SEK 62m.

The properties being sold consists of five older single-family homes with property designation Inndalsveien 13, 15, 17, 19 and 21, whose total area amounts to approximately 2,400 square meters. The sales price amounts to approximately SEK 62m, which provides a profit from property sales of approximately SEK 19m. The transaction will be reported in the fourth quarter of 2025 within the business segment JM Norway. Partial payment is received in connection with transfer of legal title in the fourth quarter of 2025, and final payment will be received in the fourth quarter of 2026.

 

- JM's ambition is to continue growing in Bergen and has been an active housing developer in the area for many years. The sale is taking place within the framework of an ongoing evaluation of the building rights portfolio, says Hilde Vatne, Business Unit Manager JM Norway.

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