Toivo Group Plc has bought a property in Helsinki and will start pre-marketing the project
Press release, 21 June 2022 at 10:55 a.m.
Toivo Group Plc (hereinafter referred to as “Toivo” or “the Company”) has concluded a real estate transaction for a property located in Ramsinranta, Helsinki, with a legally binding zoning plan. The property is to be built on a 3,700-square-metre apartment complex, which comprises more than 80 apartments.
In the project, Toivo will build residences that are sold to consumers and remain in their own ownership. Toivo has been implementing the development of the zoning plan in the area. The project will be executed according to class-A energy standards, and the apartments will be heated by environmentally friendly geothermal energy.
The project will be carried out in the immediate vicinity of the Hotel Rantapuisto and the new residents will be able to take advantage of the expanding range of services of the iconic hotel to facilitate their everyday lives. The population of the area and the number of hotel guests are expected to increase significantly in the coming years.
Pre-marketing of dwellings for sale to consumers is expected to start in the coming weeks by Bo LKV. “The location is really unique in a natural environment and I anticipate a high demand for the apartments. Some of the apartments have a view to the sea and it would be nice to live in such an environment, ” says Anne Ramsay from Bo LKV.
Toivo aims to complete the project by the turn of 2023 and 2024.
“Toivo has had the honour of developing the cityscape of Ramsranta. There is a clear demand for unique high-quality apartments in the area. Housing construction is to take place at the same time as the hotel's development investments, and the new residents will be able to move into a developed milieu. Cooperation with the Helsinki city planning team has been smooth and the cooperation has been successful. ” says Tuomas Hemmilä, Director of Real Estate Development at Toivo.
Check out Bo LKV's pre-video presentation: www.visualbusiness.fi/kuva/Furuvik/Ennakko+esitys.mp4
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.
