Toivo Group Plc has started construction of EUR 4,6 million regional construction project in Niittykumpu, Espoo
Press release, 10 December 2025 at 2:00pm

Toivo Group Plc (”Toivo”) has started construction of a 4,6 M € regional construction project in Niittykumpu, Espoo. The project is comprised of eight family homes, which are estimated to be completed and handed over to residents in December 2026.
“In October 2025 we started the pre-marketing of this eight-home project, and the demand has been even stronger than expected. The project has drawn a lot of interest, and the apartments were reserved quickly. Construction of the project will begin immediately. We are very happy that we can offer high-quality and reasonably priced family homes in an excellent location. We will continue to strive towards being able to offer high-quality homes at great locations”, says Jukka Lampela, Director of Regional Development.
Toivo Group Plc
Additional information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 8476206
markus.myllymaki@toivo.fi
About Toivo
Toivo is a Finnish real estate company founded in 2015, specializing in residential and social infrastructure properties. The company’s business model is unique as it integrates the entire real estate value chain—from property development and construction to ownership, management, leasing, and sales of completed properties. Toivo’s in-house team manages the full lifecycle of a property, from raw land acquisition to lease negotiations and property maintenance.
Toivo’s strategy is to develop clear and efficient properties with strong development margins, stable and attractive returns, and excellent locations. This enables the company to deliver maximum added value to its customers, owners, and stakeholders. Toivo is backed by a skilled and experienced team of professionals with strong credentials in the real estate sector. The team members have collectively been involved in the development and construction of over 17,000 apartments and have an average of ten years of experience in the industry.
In 2024, Toivo’s revenue was EUR 39.8 million and operating profit EUR 4.5 million