Toivo Group has begun the implementation of an apartment building project in Lepola, Järvenpää, Finland.
The project’s total value is estimated at approximately $12.3m (€11m) and is planned to be implemented as per the class-A energy standards.
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The project, which features two buildings, will draw its heat from geothermal energy.
It is located near the train station. Every apartment will feature a balcony, with some equipped with mechanical cooling system.
Toivo project development manager Petter Ruuskanen and design director Tommi Peltola said: “In the design process, we wanted to design the site to have a landmark-like quality with details such as art featured in the staircases. The cooperation with the authorities in Järvenpää has been exemplary, and it’s great to be able to start the work at such an early stage of the year.”
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Toivo CEO Markus Myllymäki said:“The site is in line with our strategy and proof that environmental friendliness and the residents’ perspective do fit into the same equation in the competitive rental housing market, where product development is not done by increasing rents.”
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By GlobalDataIt is estimated that the pre- leasing of the apartments will start as early as this year. The new residents are expected to move into the buildings early next year.
Toivo is the site developer, constructor and owner of the buildings.
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Image: The project features two buildings. Credit: Toivo Group Plc/Cision.
