Premico Residential Fund III has today signed an agreement with Toivo Group Plc on the construction of an approximately EUR 15 million apartment building 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.
Further information
Premico
Ville Siivonen
Director, Residential Funds
Premico
+358 40 523 5865
ville.siivonen@premico.fi
Toivo Group Plc
Markus Myllymäki
CEO
Toivo Group Plc
+358 40 847 6206
markus.myllymaki@toivo.fi
About Premico
Premico is a real estate fund and asset management company specialised in residential investments. The company offers professional investors residential real estate funds, separate account mandates and asset management services related to residential portfolios. Premico brings together in-depth residential market insight and investment expertise, and operates as an Alternative Investment Fund Manager (AIFM) authorised by the Finnish Financial Supervisory Authority (FIN-FSA).
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