Toivo Group Plc starts a EUR 8 million owner-occupied housing project in Oulunkylä, Helsinki
Press release, 27 September 2024 at 12:00
Toivo Group Plc (”Toivo”) will start a EUR 8 million construction project in Oulunkylä, Helsinki. The project will be carried out as a joint venture with Toivo’s partner, Weston Group (“Weston”). The site will include a total of 26 apartments and will be a concrete-structured apartment building.
“The project was developed in good collaboration with Weston’s professionals, resulting in a well-functioning overall plan and the sales of the apartments has gone well. The construction site is expected to start in October 2024”, tells Toivo’s Chief Operating Officer, Urho Myllymäki.
The project is expected to be completed and handed over to customers in late autumn 2025.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Oyj
Tel. +358 (0)40 8476206
markus.myllymaki@toivo.fi
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2023 was EUR 43,7 million and its operating profit was EUR -0,3 million.