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JM purchases property in Stockholm

JM, one of the Nordic Region's leading developers of housing and residential areas, has signed an agreement to purchase a property for building approximately 125 dwellings in Långbro Park in Stockholm. The acquired property has been part of a planning area for Långbro Park since earlier. The purchase is worth SEK 85 million. Payment and entry date will be no later than September 30, 2007. The purchase is a complement to the 800 dwellings that JM has produced, and is still producing, in Långbro Park.



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