Toivo Group Plc has signed an agreement for a EUR 4.1 million regional construction project in Honkasuo, Helsinki
Press release, 5 May 2026 at 3:00 p.m.
Toivo Group Plc (”Toivo”) has signed an agreement for a residential area development project valued at EUR 4.1 million in Honkasuo, Helsinki. Planning for the project is currently underway, with pre-marketing for the homes scheduled to begin in fall of 2026. The project will consist of 13 high-quality terraced homes in an idyllic setting in the developing low-rise residential area of Honkasuo.
“Honkasuo is a rapidly developing and idyllic residential area in West Helsinki, particularly popular with families. Toivo is already familiar with the area, as we completed a terraced housing project there in 2023. It is great to continue the area’s development with our new project, which we will launch for sale in autumn 2026," says Real Estate Development Manager Vili Valajärvi
Toivo Group Plc
Further 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 2025, Toivo’s revenue was EUR 61.7 million and operating profit EUR 8.0 million