The construction of Toivo Group’s residential apartment building project comprising 35 apartments worth approximately EUR 5 million has started in Pirkkala
Press release, 3 August 2022 at 3 p.m.
Toivo Group Plc (hereinafter referred to as “Toivo” or “the Company”) has concluded a company acquisition that will see the Company carry out a residential apartment building project comprising 35 apartments in the Solja residential area in Pirkkala. The construction of the project is under way, and the degree of completion is approximately 30%. The residents are estimated to be able to move into the new apartments in the spring of 2023.
The Solja residential area is one of the latest advances in Pirkkala’s regional development. When completed, the area will provide homes for approximately 1,500 residents. The construction of the area is under way, and a large part of the residents have already been able to move into their new homes.
The project will be executed according to class-A energy standards, and the property will be heated by environmentally friendly geothermal heat. Each apartment has a spacious glazed balcony. The floor plans of the apartments emphasise natural lighting and spaciousness as well as efficient use of space.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
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 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.
