Toivo Group Plc has started an approximately EUR 14 million residential building project in Verkkosaari, Helsinki
Press release, 27 July 2026 at 4:00 p.m.
Toivo Group Plc ("Toivo") has started an approximately EUR 14 million residential building project in Verkkosaari, Helsinki. The project is being implemented as an own-development RS project.
The Verkkosaarenranta development will consist of 35 owner-occupied apartments. The buildings will be constructed to energy class A and will utilize geothermal heating.
”We are pleased to have the opportunity to carry out the Verkkosaaren Poiju project. The property's exceptional seaside location, high-quality common areas, and carefully designed, premium apartments make it a unique entity,” says Markus Pulkkinen, Head of Construction at Toivo.
Construction at the site has already begun, and the project is estimated to be completed in early autumn 2027.
Toivo Group Plc
Additional information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. 040 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