Press release 14 March 2025 at 12:00pm

Toivo Group Plc (”Company” or “Toivo”) reinforces the organization through appointments and new recruitments to support the growth and development of the company. The company has appointed the following people to their new roles:

Urho Myllymäki has been appointed as Toivo Group Plc’s deputy CEO, responsible for the operational management of property development and construction.

Markus Pulkkinen has been appointed as the CEO of Toivo Projektinhallinta Oy, the subsidiary responsible for Toivo’s construction operations.

Ville Välkkilä has been appointed as Production Director.

Vili Valajärvi has been appointed as Project Developer. His focus will be on terraced and semi-detached housing projects.

Additionally, 5 people have been recruited for Site Manager and Foreman positions earlier in 2025.

Ville Lampela has been appointed Construction Manager, responsible for Toivo’s terraced and semi-detached housing projects.

"It’s great to continue working in this organization in a new role. My goal is to ensure that our production supports the company’s strategy and serves our customers in the best possible way", says Ville Välkkilä.

"The right people in the right roles are key to our growth, and we believe these appointments will significantly support our development. We are preparing to take the next step toward growth", concludes Toivo Group Plc’s CEO Markus Myllymäki.

Toivo Group Plc continues its strategy-driven growth by investing in the development of its employees and recruiting skilled professionals to support the company’s long-term objectives. The company’s mid-term goal is to reach a business volume of 100 million euros by the end of 2026.

Toivo Group Oyj

Further information
Markus Myllymäki

CEO

Toivo Group Plc

Tel. +358 40 847 6206

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 the 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 ensures that Toivo is able to generate additional value for 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, which enable long-term ownership and the generation of higher additional value for 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 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.