Toivo launches 4 residential building projects during Q2/2023 and an invitation to the half-year review
Press release, 8 August 2023 at 8:30 a.m.
In April–June 2023, Toivo Group Plc (the “Company” or “Toivo”) has launched a total of 4 new residential building projects covering a total of 76 apartments. Therefore, Toivo has been able to start new residential building projects against market trends.
Of the projects, 3 are owner-occupied housing projects, which share the following characteristics
- Reasonable number of housing: 8–21 apartments per location for a moderate starting threshold.
- Excellent location: two of the projects are located in Helsinki, where market activities are growing.
- Affordable price point: consumers pay particular attention to future housing costs.
We will talk about the start of these new residential building projects, our future prospects, the real estate market and housing investment in our upcoming interim financial report.
You are welcome to follow Toivo’s half-year review H1/2023 on Wednesday 9 August 2023 at 11:00 a.m. via the link below. The half-year review will be held as a webcast, and the audience has an opportunity to ask questions from the company's management, as well.
https://toivo.videosync.fi/2023-h1-tulosjulkistus
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.