JM Snapshot
Although Thor's mighty hammer is not required, JM is still one of the largest residential builders and developers in the Nordic region. The company targets housing in high-growth metropolitan areas and university towns in Sweden, Norway, Denmark, Finland, and Belgium. JM also develops commercial properties in the Greater Stockholm area. Its business segments also are involved in, land acquisitions, pre-construction planning, and sales. A majority of JM's residential projects are apartment units, with less than 10% consisting of single-family homes. The company has banked on high demand for housing in Sweden. However, the slowdown in the economy forced JM to reduce construction activity and cut jobs in 2008.