Toivo Group Plc has signed a contract for a EUR 6 million regional construction project in Helsingin Oulunkylä
Press release, 27 March 2025 at 2:00pm
Toivo Group Plc (”Toivo”) has signed a contract for a regional construction project in Helsinki. The value of the project is approximately 6 million euros. The development contains 15 two-story terraced apartments in a central location in Oulunkylä, Helsinki. The homes will be brought to market during April and reservations for the apartments will begin in the coming weeks.
“We are excited to be able to respond to customers’ wishes for single-story and modern family homes with a functional floor plan. We believe that the prime location in Oulunkylä in Helsinki, the project being a very popular terraced housing project, and reasonable pricing will make these apartments a highly desirable option in the housing market. We have invested in a high-quality interior design concept where every detail had been carefully considered. These homes are perfect for families with children, as well as couples. Construction will begin in the fall of 025, and the homes are expected to be completed in the spring-summer of 2026.” tells Vili Valajärvi, Toivo’s Project Developer on the project.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 40 847 6206
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 the 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 ensures that Toivo is able to generate additional value for 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, which enable long-term ownership and the generation of higher additional value for 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 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.