Riihimäen Tilat ja Kehitys Oy

What Riihimäen Tilat ja Kehitys Oy does

Riihimäen Tilat ja Kehitys Oy (RTOY), operating under the brand Business Riihimäki, is the municipally-owned economic development company (elinkeinoyhtiö) of the City of Riihimäki, Finland. With a staff of seven, the company performs four interrelated functions: (1) commercial and industrial property ownership and leasing, holding over 23,000 m² of rentable space directly and additional properties through seven wholly-owned Kiinteistöyhtiö subsidiaries and three minority property investments; (2) tenant-placement brokerage, charging commission on placements (1–2 months' rent + VAT depending on lease term) only when a tenant is found; (3) construction management ("rakennuttaminen"), in which RTOY acts as both project manager and, where warranted, co-investor via a "lunastushalli" lending model that uses the building as collateral; and (4) free business advisory services for Riihimäki, Hausjäärvi, and Loppi municipalities, channelling companies to funding from Business Finland, ELY Centre, Finnvera, and EU programmes.

The company operates as a one-stop-shop ("Business Riihimäki") anchoring a regional network that includes HAMK, Hyria Business, Häme TE-office, Häme ELY Centre, OP Etelä-Häme, Robotiikkakampus, SYKLI, and Suomen Yrittäjäopisto. Technology is not a differentiator: RTOY uses a WordPress website, a web-based property listing service, and the alihankinta.info subcontractor matching platform for manufacturing supply-chain connections. Strategic cluster initiatives — RiiCycle (circular economy), Robotiikkakampus (robotics), and DEFINE (defence/dual-use) — are positioning the firm to attract specialised industrial tenants to the region.

Revenue is generated through rental income on owned commercial property, transaction fees on tenant placements, professional services fees for construction management, and dividends/equity income from property subsidiaries. Grants from Hämeen liitto (e.g., €178,562 AKKE for Rahoitusagentti) fund project-level operations rather than core revenue. The customer base is heterogeneous, spanning SMBs, mid-market manufacturing firms (Fiellberg, Ullan Pakari, Melaja, Trans Farm), startups, retail tenants (Lounasravintola Sali, Flow Cosmetics), and micro-businesses — with no formal enterprise sales motion beyond relationship-driven outreach by a dedicated Senior Investment Manager and bespoke assistance for relocations into the region.

Name

Riihimäen Tilat ja Kehitys Oy

Legal name

Riihimäen Tilat ja Kehitys Oy

Website

https://rtoy.fi

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Riihimäen Tilat ja Kehitys Oy (Business Riihimäki) is the municipally-owned economic development company of Riihimäki, Finland, providing free business advisory, property leasing, tenant-placement brokerage, and construction management services to companies in Riihimäki, Hausjäärvi, and Loppi, and operating over 23,000 m² of commercial and industrial real estate.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Real Estate Property Managers (53131), Offices of Other Holding Companies (551112), Management of Companies and Enterprises (5511)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Real Estate Agents & Managers (For Others) (6531), Services-Facilities Support Management Services (8744)

akta.pro industry

PRIMARYBPAJAHAH

Industrial Park Owners Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

SECONDARYBPAJAHAG

Commercial/Office Owners Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

SECONDARYEUAIANAH

Circularity Consulting & Program Management (EPR, Design-for-Circularity, LCA)

Energy, Utilities & Environment/Environmental Services (Waste Management, Recycling & Remediation)/Resource Recovery & Circular Economy Services (Reuse, Take-back, Refurbishment)

SECONDARYBPACAHAM

Local Entity Setup & Expansion Advisory (Market Entry, Subsidiary Formation)

Business & Public Services/HR, Staffing & Recruitment Services/Employer of Record (EOR) & Global Employment / PEO Services

Keywords

• Economic development services
• Commercial property rental
• Business advisory services
• Construction project management
• Regional investment attraction

Headquarters

HQ city

Riihimäki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Property Rental: RTOY owns and rents out commercial and industrial real estate. The company reports having over 23,000 m² of rentable space, with subsidiaries owning additional properties. Revenue is generated from long-term and short-term leases of office, hall, and retail spaces.
2. Tenant Placement Brokerage: RTOY brokers the rental of commercial spaces in Riihimäki. Commission is charged only if a tenant is found through RTOY: 1 month rent + VAT for contracts under 3 years; 1.5 months rent + VAT for 3+ year contracts; 2 months rent + VAT for 5+ year contracts.
3. Construction Management (Rakennuttaminen): RTOY manages the construction of new commercial facilities for businesses. Includes site selection, feasibility planning, tendering, and construction supervision. RTOY can act as investor/lender using the building as collateral, and also serves as construction consultant.
4. Property Management Subsidiaries: RTOY holds ownership stakes in multiple subsidiary property companies (Oy Expomade-Kiinteistöt Ab, Kiinteistö Oy Riihimäen Sepänkatu 5, Koy Riihimäen Ophelia, Koy Riihimäen Lykka, Kiinteistö Oy Riihimäen Tehdaskylänkatu 5, Riihimäen Karoliinankatu 13–15 Oy, Kiinteistö Oy Riihimäen Kuusikulma), generating dividend and equity income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Riihimäen Tilat ja Kehitys Oy, operating as Business Riihimäki, is the municipal economic development corporation for the City of Riihimäki. It owns and rents out approximately 23,000 m² of commercial and industrial real estate, offers free business advisory services to startups and existing companies, brokers commercial leases on commission, manages commercial construction projects with co-investor financing, and runs regional economic-development cluster initiatives including the €20,000 Defence Startup Fund.

Product overview

Riihimäen Tilat ja Kehitys Oy (operating as Business Riihimäki) is an economic development company, not a software product company. The organization's 'products and services' consist of business advisory and development services for companies in Riihimäki, Loppi, and Hausjärvi regions. The core offering is Business Riihimäki – a comprehensive business services platform providing one-contact access to all business services. This platform encompasses: (1) Business Advisory Services for startups and existing businesses including funding guidance; (2) Toimitilat ja rakentaminen (Facilities and Construction) covering property rental intermediary services, construction management with 'lunastushalli' financing, and available commercial plots and rental spaces; (3) Various projects including Define Finland (defense innovation), RiiCycle circular economy cluster, Rahoitusagentti funding agent, and Rieha city center development; (4) Support services like partner search, advertising spaces, event organization, and meeting room rentals. The portfolio does not include a software product, API, or technology platform – it is a portfolio of advisory services, property services, and economic development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Advisory Services (Business Riihimäki Advisory) Free bilingual (Finnish/English) advisory service for both startup entrepreneurs and existing businesses in Riihimäki, Loppi, and Hausjä Lopi. Covers business plans, financing calculations, startup grants, social security, permits, accounting, registration, ownership transfers, growth, internationalisation, and funding pathway identification (ELY Centre, Business Finland, Finnvera, banks, EU programmes).
• Commercial & Industrial Property Rental Long-term and short-term rental of office, hall, retail, and industrial spaces from RTOY's directly-owned and subsidiary-owned portfolio of over 23,000 m² across Riihimäki, including sites at Yritystie 1, Pajakatu 2, Kylänraitti 5, Tehdaskylänkatu 5, and others. Promotional pricing available starting at 4 EUR/m² for first 4 months on selected halls.
• Commercial Plot Sales (Yritystie 2) Sale of a 5,128 m² commercial plot with building rights up to 3,589 m², located near the Helsinki-Tampere highway exit in Riihimäki. Targeted at investors, project developers, or businesses seeking new facilities.
• Construction Management (Rakennuttaminen) End-to-end construction management for new commercial facilities, including needs assessment, plot options, project planning, contractor tendering, and construction supervision. Includes a unique "lunastushalli" financing option where RTOY acts as investor and lender using the building as collateral for clients lacking traditional capital.
• Tenant Placement Brokerage Commercial property rental intermediary service in Riihimäki that finds suitable tenants for available spaces via active search, market valuation, and matching. Commission-based, charged only if a tenant is found through RTOY: 1 month rent + VAT for under-3-year contracts; 1.5 months rent + VAT for 3+ year contracts; 2 months rent + VAT for 5+ year contracts.
• Meeting Room & Event Space Rental (Tilavaraus) Rental of two meeting rooms (capacity 8–12 persons) at Business Park Riihimäki (Kaartokatu 2) for 25 EUR/hour + VAT, plus free lobby space (capacity ~30 persons) for events and assemblies. Rooms include WiFi, LCD screen, camera and speakers.
• Partner Matching Service (Kumppanihaku) Partner matching service connecting companies with subcontractors in metal, plastic, and electronics industries through the national alihankinta.info subcontracting ecosystem portal, complemented by help finding local partners, educational institution collaborations (HAMK, Robotiikkakampus), and financing partners.
• Advertising Spaces (Mainospaikat) Rental of advertising space including sign pylons on Mattilantie (at the Tehtaankatu, Konepajankatu, and Teollisuuskatu intersections) and large billboards along the highway, made available to local businesses.
• Riihimäki Defence Startup Fund (€20,000 Convertible Loan) €20,000 convertible loan offered by RTOY together with the DEFINE innovation network for startups under five years old in defence, security, and dual-use technologies. Fund supports market readiness and strengthens startup positions for ecosystem positioning and follow-on funding.

Quantifiable outcome

• 40 permanent corporate jobs created per year (company target)
• +3 more outcomes

Named customers8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

20 partnerships are on record, tiered core and minor.

• Hyria Koulutus OycoreStrategic or Co-development Partner · 23 February 2026Hyria Koulutus and RTOY formalised a partnership under the 'Takuulla ammattilainen' (Guaranteed Professional) programme. The partnership diploma was presented by Hyria's Customer Director Mari Pöysti to RTOY's Samuel Koivisto and Reima Ojanen. Hyria provides vocational education and training that RTOY connects businesses to for workforce development and recruitment.
• NG Nordic OyminorStrategic or Co-development PartnerNG Nordic Oy is one of the companies participating in the RiiCycle KIRITYS circular economy ecosystem project. Located in the Haapahuhta area alongside Gasum and Rasmix, NG Nordic provides an industrial environment for circular economy investments.
• Gasum OyminorStrategic or Co-development PartnerGasum Oy participates in the RiiCycle KIRITYS circular economy ecosystem project. Located in Haapahuhta, Gasum contributes to the circular economy industrial environment being developed in Riihimäki.
• Rasmix OyminorStrategic or Co-development PartnerRasmix Oy participates in the RiiCycle KIRITYS circular economy ecosystem project. Located in Haapahuhta, Rasmix contributes to the industrial circular economy cluster alongside NG Nordic and Gasum.
• Kiertokapula OyminorStrategic or Co-development PartnerKiertokapula Oy is a waste management company participating in the RiiCycle KIRITYS circular economy ecosystem project, contributing to material cycle and waste management expertise.
• Hämeen ammattikorkeakoulu (HAMK)coreStrategic or Co-development PartnerHAMK is a co-implementer of the RiiCycle KIRITYS project and a member of the Business Riihimäki network. HAMK provides circular economy education and R&D, and is establishing a new campus at the Matkakeskus (travel centre) in Riihimäki.
• Suomen ympäristöopisto SyklicoreStrategic or Co-development PartnerSyö kli provides environmental education and training as a co-implementer of the RiiCycle KIRITYS circular economy ecosystem project. Sykli is also part of the Business Riihimäki network.
• Hämeen TE-toimisto (TE Office)coreStrategic or Co-development PartnerHämeen TE-toimisto is part of the Business Riihimäki one-stop-shop network, providing employment and workforce services to businesses supported by RTOY.
• Hämeen ELY-keskuscoreStrategic or Co-development PartnerHäme ELY Centre is part of Business Riihimäki network, providing regional development, environment, and business funding services that RTOY connects companies to.
• Robotiikkakampus (Robotics Campus)coreStrategic or Co-development PartnerRobotiikkakampus is a partner in the Business Riihimäki ecosystem, promoting robotics education and industry in Riihimäki. The robotics campus is integrated with RTOY's industrial area development strategy.
• Suomen YrittäjäopistominorStrategic or Co-development PartnerSuomen Yrittäjäopisto is part of the Business Riihimäki network, providing entrepreneurial education and training connected to RTOY's business advisory services.
• DEFINE Innovation NetworkcoreStrategic or Co-development PartnerRTOY partners with DEFINE innovation network to offer the €20,000 Riihimäki Defence Startup Fund for startups in defence, security, and dual-use technologies. DEFINE provides the network access and technology validation support for fund recipients. DEFINE is also the venue for Business Breakfast events.
• Linnan Kehitys OycoreStrategic or Co-development PartnerLinnan Kehitys is a co-implementer of the Rahoitusagentti (Funding Agent) pilot project across Kanta-Häme, alongside RTOY and Forssan Yrityskehitys Oy. Linnan Kehitys coordinates the portfolio of ~30 companies being connected to research institutions and EU funding.
• Forssan Yrityskehitys OycoreStrategic or Co-development PartnerForssan Yrityskehitys is a co-implementer of the Rahoitusagentti pilot, working with RTOY and Linnan Kehitys to connect Kanta-Häme companies to EU funding and research partnerships.
• Riihimäen kaupunkicoreStrategic or Co-development PartnerRiihimäki city is the owner of RTOY and a key strategic partner. RTOY acts as the city's economic development arm. The city provides planning, permits, and co-funding for RTOY-led projects including Rieha (city centre development) and RiiCycle.
• Oulun yliopisto (University of Oulu)minorStrategic or Co-development PartnerThrough the Rahoitusagentti programme, RTOY has facilitated connections between Kanta-Häme companies and Oulu University, including enabling Tambest to become the first corporate customer of the university's 6G test centre.
• VTT (Väestöliiton tutkimuskeskus)minorStrategic or Co-development PartnerVTT (Technical Research Centre of Finland) in Oulu has been visited through the Rahoitusagentti programme to build research partnerships for Kanta-Häme companies.
• Riihimäen YrittäjätcoreGTM or Marketing PartnerRiihimäen Yrittäjät (Riihimäki Entrepreneurs) collaborates with RTOY on city centre development and campaigns including the 'Osta Riksusta, tue paikallista' local buying campaign and joint events.
• Hämeen Yrittäjät ryminorGTM or Marketing PartnerHämeen Yrittäjät is co-funder of the BRIDGE innovation pathway project alongside RTOY and Hämeen liitto. They are also co-organisers of Yrittäjien aamiainen events.
• Hämeen Ammattikorkeakoulu (HAMK)coreStrategic or Co-development PartnerHAMK purchased Liikerata premises at Riihimäen Matkakeskus from LähiTapiola to establish its new campus. RTOY co-acquired the office tower at the same time. HAMK and RTOY are co-developing the station area.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Lahti Region Development LADEC Oy: LADEC is the Päijät-Häme regional development company that combines business advisory, investment attraction and industrial-property services, making it structurally similar to RTOY's Business Riihimäki one-stop-shop concept.
• Hyvinkään Tulevaisuus Oy / Heke Oy: Hyvinkää's municipal development company, directly comparable in size and mission, located in the same Greater Helsinki commuter belt as Riihimäki. Competes with RTOY for relocating businesses and investor attention.
• Forssan Yrityskehitys Oy: Forssa-region municipal development company and co-implementer of Rahoitusagentti with RTOY. Closely comparable in size, mandate (job creation, business advisory) and operating region within Kanta-Häme.
• Linnan Kehitys Oy: Hämeenlinna-area municipal economic development company and named co-implementer of the Rahoitusagentti pilot alongside RTOY. Operates an almost identical elinkeinoyhtiö model combining business advisory, investment attraction, and property services for Hämeenlinna's catchment.

Broad incumbents

• Helsinki Partners Oy: City of Helsinki's investment-attraction arm; overlaps with RTOY's mission of attracting foreign investors and relocations to Finland, but operates at significantly greater scale and budget.
• Tampereen Elinkeinoyhtiö Tredea Oy: Much larger Pirkanmaa regional development company with a similar municipal-owned model but at national scale. Comparable in advisory + investment-attraction angle, though operating across a much larger metro area.
• Turku Business Region Oy: Southwest Finland regional development and investment-attraction company serving Turku, Salo, and Pori. Similar elinkeinoyhtiö structure and municipal ownership model to RTOY.
• Newsec Oy (real estate management): Nordic property-management and brokerage firm that competes on commercial-tenant placement and facilities management. Comparable to RTOY on the rental-brokerage and property-management services but is a private-sector incumbent rather than a municipal actor.

Others

• Croisière Europe / Cushman & Wakefield Finland: Global commercial real-estate services firm with Finnish operations. Comparable on tenant-placement brokerage services that mirror RTOY's commission-based vuokralainen-vuokraus model.
• Suomen Uusyrityskeskus ry: National umbrella organisation for free startup and SME advisory services in Finland, which accredits the Uusyrityskeskus operations RTOY is certified for (ISO 9001). Comparable on the advisory mandate and funding-connection work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/businessriihimaki
• LinkedInlinkedin.com/company/riihim%C3%A4en-tilat-ja-kehitys-oy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riihimäen Tilat ja Kehitys Oy