Press release, [16 January 2025 at 2:00pm]

Toivo Group Plc (”Toivo” or “Company”) has signed an agreement for a EUR 5,2 million project management contract for the construction of a parking facility for the Aviapolis block. Toivo has already completed two residential apartment buildings in the same block, and another apartment building is under construction. The parking facility to be constructed will include approximately 150 parking spaces. Construction of the parking facility will begin in the spring of 2025 and is expected to be completed in early 2026.

”This large centralized parking solution will accommodate parking spaces for several different apartment buildings. It is great, that Toivo has earned the trust of all parties to deliver this beautiful yet affordable parking facility. I also want to thank Vantaa city officials for the collaboration so far”, tells Toivo’s planning director Tommi Peltola.

”On behalf of the developer, I can state that we are pleased to continue our long-term cooperation with Toivo’s organization. I believe, that construction of the parking facility will proceed as smoothly as our previous joint projects, and it is great to roll up our sleeves again.”, concludes Jasper Niuro, representing the developer role at SL Rakennuttaja Oy.

Toivo Group Plc

Further information

Markus Myllymäki

CEO

Toivo Group Oyj

Tel. +358 (0)40 8476206

markus.myllymaki@toivo.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.