Toivo Group Plc has started the implementation of a project management service project worth approximately EUR 6 million

Press release, 16 June 2023 at 12:00

Toivo Projektinhallinta Oy (“Toivo” or “the Company”), a subsidiary of Toivo Group Plc, has started the implementation of an apartment building project in the Helsinki metropolitan area. The project has been sold to the client with Toivo’s project management service model.

“I am pleased with the team's ability to respond to changing market conditions. Projects of this kind support the implementation of Toivo's strategy and develop our competitiveness,” says Markus Myllymäki, CEO of the Company.

“The construction of the site continues until 2024. We are, of course, pleased that our competitiveness has made it possible to start the project. Toivo’s team has a lot of experience with the kinds of features found at the site,” says Urho Myllymäki, Business Director at Toivo.

Toivo Group Plc

Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 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 2022 was EUR 20.3 million and its operating profit was EUR 15.6 million.