en.Wedoany.com Reported - Finnish real estate company Toivo Group Plc announced on June 25, 2026, that it has signed an agreement with the Premico Residential Fund III to develop an apartment building project worth approximately €15 million in the Puistola district of Helsinki. Construction begins immediately and is expected to be completed by September 2027, comprising a total of 73 rental apartments. The project is located next to the Puistola commuter railway station, adjacent to a detached house area.
Founded in 2015 and headquartered in Finland, Toivo Group Plc is a real estate company specializing in residential and social infrastructure properties. The company has a unique business model that integrates the entire value chain from real estate development and construction to ownership, management, leasing, and sales, with an in-house team responsible for the full lifecycle management from land acquisition to lease negotiations and property maintenance. The company's strategy is to develop well-located, efficient properties with stable returns, creating maximum value for clients and stakeholders. Team members have an average of ten years of industry experience and have collectively participated in the development of over 17,000 apartments. In 2025, the company reported revenue of €61.7 million and operating profit of €8 million.
The project, named "Puistolan Helmi" (Pearl of Puistola), has had its zoning development and design completed in-house by Toivo Group. The building will be constructed in accordance with LEED environmental certification requirements, achieving Class A energy efficiency standards, and will utilize geothermal heating. The buyer, Premico Residential Fund III, is a fund product under Premico focused on residential investments. Premico is a real estate fund and asset management company that provides residential real estate funds and segregated account management services for professional investors, and is an alternative investment fund manager authorized by the Finnish Financial Supervisory Authority (FIN-FSA).
Lauri Rekola, Director of Toivo Group, expressed excitement about launching a new project in collaboration with Premico. Ville Siivonen, Director of Premico Residential Fund, noted that the project aligns with the fund's investment strategy, combining an excellent location, high-quality housing, and energy-efficient solutions. This collaboration showcases Toivo Group's expertise in project development and Premico's strategic positioning in residential investments.
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