Toivo Group Plc is developing an approximately EUR 15 million residential building for the Premico fund near Puistola station in Helsinki
Press release, June 25th 2026 4:00 pm.
Toivo Group Plc ("Toivo") has today signed an agreement with Premico Residential Fund III on the construction of an apartment building worth approximately EUR 15 million in Puistola, Helsinki. Construction of the project will begin immediately, and the property will be handed over to the buyer in September 2027.
The project will comprise 73 rental apartments. The property is located next to a pleasant single-family housing area, right beside Puistola's commuter rail station. The buildings will be constructed to energy class A in accordance with LEED environmental certification requirements, and the property will be heated using geothermal heating.
"Puistolan Helmi is the result of Toivo's own zoning development process and design work. It's truly great to be starting a new project in cooperation with Premico," says Director Lauri Rekola from Toivo.
"Puistolan Helmi is an excellent example of a property that aligns with the fund's investment strategy: it combines a great location, high-quality housing, and energy-efficient solutions. We value Toivo Group's expertise in project development and look forward to working together on the implementation of this property," says Ville Siivonen, Director, Residential Funds at Premico.
Toivo Group Oyj
Additional information
Markus Myllymäki
CEO
Toivo Group Oyj
Tel. 040 8476206
markus.myllymaki@toivo.fi
Ville Siivonen
Director, Residential Funds
Premico
Tel. 040 523 5865
ville.siivonen@premico.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
About Premico
Premico is a real estate fund and asset management company specialisedin residential investment. The company offers professional investors residential real estate funds and separate account mandates, and asset management services related to investor-owned residential portfolios. Premico brings together in-depth residential market insight and investment expertise, , and acts as an Alternative Investment Fund Manager (AIFM) authorised by the Finnish Financial Supervisory Authority (FIN-FSA).