Toivo Group Plc signs agreement for project management service project worth approximately EUR 8.7 million
Press release, 8 December 2023 at 12:00
Toivo Group Plc’s subsidiary Toivo Projektinhallinta Oy (“Toivo” or “the Company”) will implement a project management service project worth EUR 8.7 million in Tampere. The terraced house project consists of 34 homes.
“I am pleased with the Toivo’s team’s ability to acquire deals and projects in all market conditions,” says Markus Myllymäki, CEO of the Company.
“The site’s construction will begin in early 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.