JM has signed an agreement with ICECAPITAL for the sale of a property in Helsinki. The transaction amounts to c. €8.2m.
The property being sold is the project Puronsolina, which consists of 37 residential units located in Konala area in Helsinki. Production will start in the fourth quarter of 2024 and the project will be completed in the first quarter of 2026.
The transaction will take the form of a corporate sale. Revenue and profit from the transaction will be recognized gradually over the course of the project within the JM Finland business segment. Payment will be received continuously until the project is completed.
“We are pleased to offer ICECAPITAL a project with high-quality residential units in the Konala area, located in a quiet area bordering a park where JM will develop more housing in the same location,” said Markus Heino, Business Unit Manager JM Finland and President of JM Suomi Oy.
Image source - Pexels.
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