Tokmanni department store in Harjavalta
The WGF I real estate fund has signed a preliminary agreement for the construction and lease of a new department store for Tokmann in Harjavalta.
A new store of approximately 2,500 m2 will be built on the edge of Harjavalta's market square and a garden centre will be opened next to the store. The new store is scheduled to open for Christmas sales at the end of 2014.
The WGF I real estate fund is open for investment commitments until 31 March 2014. With an investment commitment, anyone interested in real estate investment can become an investor in the WGF I real estate fund, which builds and rents new buildings. The WGF I real estate fund's investments in 2014 include the Svenna Kulma commercial building in Vaasa, the Vaasa Gneissihovi business centre in Vaasa and Tokmann's Harjavalta department store.
An investor in the WGF I real estate fund owns a share of the fund corresponding to the size of his investment and receives a corresponding share of the rental and sales income from the fund's investment properties each year. The WGF I fund has a total return target of approximately 18%, of which the expected return to investors each year is approximately 8% on the capital invested.
The new department store in Harjavalta is the first step in the expansion of WGF Real Estate Funds into a nationwide provider of rental space. The new department store is an excellent addition to the WGF I portfolio, offering existing and new investors the opportunity to be involved in WGF real estate investment.
- Jani Peräsarka, WasaGroup Funds
WasaGroup production
WasaCon is the main contractor for the KVR project. WasaPlan Oy is responsible for the architectural and structural design. The steel frame will be supplied by WasaSteel Oy.
WasaCon has selected the construction company Astora-Rakennus Oy from Satakunta as the main contractor for the project.