Toivo Group Plc has signed a EUR 2.9 million regional construction project in Kaitaa, Espoo
Press release, 21 August 2026 at 3:00 p.m.
Toivo Group Plc ("Toivo") has signed an agreement for the construction of a regional development project worth EUR 2.9 million in Kaitaa, Espoo. The project will include six high-quality semi-detached and detached homes in the highly sought-after Hannusjärvi single-family home area, close to nature and diverse services.
The design of the project is already underway, and advance marketing of the apartments is scheduled to begin in the autumn of 2026. The new homes are designed specifically for families who appreciate comfortable single-family housing, privacy, and an excellent location in Espoo.
”Kaitaa and the Hannusjärvi surroundings offer an excellent setting for a comfortable family life. The area combines the tranquility of a single-family home neighborhood, closeness to nature, and Espoo's good services. In line with our strategy, we look for projects specifically in locations where people genuinely want to live. We are very pleased to be able to bring six new, high-quality family homes to Kaitaa. We believe the site will be of particular interest to families looking for a long-term home in one of Espoo's most comfortable residential areas. Advance marketing for the project will start in the autumn of 2026," says Jukka Lampela, Director of Regional Construction.
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