Toivo Group Plc has sold nearly every apartment with two weeks of marketing and launches a EUR 4,5 million owner-occupied housing project in Torpparinmäki, Helsinki
Press release, 14 February 2024 at 2.00pm
Toivo Group Plc (”Toivo”) starts a new owner-occupied housing project in Torpparinmäki, Helsinki. The value of the project is approximately 4,5 million euros. Nearly all the homes from the project were sold with just two weeks of marketing.
The apartments of Helsingin Taksvärkki have attracted an exceptional amount of interest from home buyers, and families are still on the waiting list. The location is a charming small-house neighborhood, with convenient connections to all directions, and excellent outdoor activity areas nearby.
The apartments combine the functionality of everyday life without compromising on stylish design choices. The yard are of the site is sheltered which makes it a safe family home choice. Additionally, the property features energy-efficient geothermal heating, which enables an A-class energy rating and low living costs.
”We are extremely pleased, that we have managed to sell almost all the apartments in As Oy Helsingin Taksvärkki within just two weeks of launching sales. This demonstrates how we have successfully brought to market a residential development that resonates with home buyers, even in challenging times for the housing market.
A project like this could not be built through successful planning and sales processes alone, which is why I would like to extend my gratitude to our financing partner, Helmi Säästöpankki, for granting the housing company loan for the project.” tells Petter Ruuskanen, Project Development Manager at Toivo.
” It's great to be part of financing the real estate sector in a market that is finally picking up. We at Helmi Säästöpankki are happy to partner with businesses and households in making their housing dreams come true.”, states Helmi Säästöpankki’s Sales Director Antti Seppinen.
”At Helmi Säästöpankki we want to be involved in projects carried out with reliable partners. Our operations are guided by customer focus and solution-oriented approach. Behind successful projects is always close communication between all parties”, adds Corporate Financing Client Manager Joosef Repo.
Toivo Group Plc Helmi Säästöpankki Oy
Further information Further information
Markus Myllymäki Antti Seppinen
CEO Sales Director
Toivo Group Plc Helmi Säästöpankki Oy
Tel. +358 (0)40 8476206 Tel. +358 (0)50 4222552
markus.myllymaki@toivo.fi antti.seppinen@saastopankki.fi
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2023 was EUR 43,7 million and its operating profit was EUR -0,3 million.