Lehto Group Plc will own 88 per cent and four Swedish minority shareholders in total 12 percent of the shares of the company. The minority shareholders will provide management with experience from the Swedish market, especially of housing construction in Stockholm region.

Through this new subsidiary Lehto will provide economically-driven construction of apartments, business premises as well as social and educational premises overall in Sweden but in the beginning especially in Stockholm region. In the starting phase there will be 7 employees in the company.

Lehto Sverige aims to start its first housing project in Märsta, north from Stockholm, in the beginning of 2018. The project which is awaiting zoning plan approval, comprises approximately 70 apartments and the construction is planned to take place during 2018-2019.

 "We are now exporting the economically-driven construction concept to Sweden. Interest in our operating model has been very high and we believe that we can also scale our economically-driven construction model to the Swedish market," says Lehto Group's CEO Hannu Lehto.