Lehto sets up shop in Sweden
Finnish construction and real estate group Lehto Group is to establish a new subsidiary in Sweden.
The share ownership of the company, Lehto Sverige, will be divided between Lehto Group (88 per cent) and four Swedish minority shareholders (12 per cent).
The company will initially focus its endeavours on the Stockholm region, before branching out across the country to construct apartments and business premises, along with social and educational premises.
Lehto Sverige is to commence its inaugural housing project in Märsta, north of Stockholm in the beginning of 2018. The project comprises approximately 70 apartments and is slated for completion in 2019.