Arcana Capital, led by former Queensland Premier Campbell Newman, has made a strategic acquisition of a 6,884 sqm warehouse in Silky Oak, occupied by industry leaders in logistics, Visy, and Australia’s largest banana producer, Mackays for $6.6m. The transaction was managed by CBRE.

This marked the fifth real estate acquisition for 2022 for Arcana and is projected to deliver a staggering 10% distribution per annum paid monthly to wholesale investors through its 18 South – Logistics Unit Trust.

“The site is located in the heart of one of Australia’s premier agricultural regions, with strategic positioning adjacent to the Bruce Highway and Main Northern Railway Line and proximity to agricultural producers in the area,” Arcana said, making it a prime location for logistics and supply chain operations. 

Arcana Capital continues to make smart investments, previously acquiring an industrial and engineering workshop in Western Australia’s Kalgoorlie for $10.9 million, an industrial and engineering workshop in Kayili Road, Kalgoorlie for $8.15 million, a medical and allied health property in Queensland’s Mackay for $6 million, and an industrial workshop also in Mackay for $3.5 million. It also recently offloaded a fully leased retail center on Bribie Island for $9 million. 

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FORMER Queensland premier Campbell Newman’s Arcana Capital has bought a Cassowary Coast warehouse occupied by packaging and logistics giant Visy and Australia’s largest banana producer, Mackays, for $6.6 million.

It is Arcana’s fifth real estate acquisition for 2022.

Lot 6 and 17 Ann Road in Silky Oak comprises 6,884 sqm of specialised cold storage and multi-purpose industrial warehousing on 13,639 sqm of land.

“The site is located in the heart of one of Australia’s premier agricultural regions, with strategic positioning adjacent to the Bruce Highway and Main Northern Railway Line and proximity to agricultural producers in the area,” Arcana said.

Its 18 South – Logistics Unit Trust is projected to deliver a distribution of 10% per annum paid monthly to wholesale investors.

CBRE managed the transaction.

In September, Arcana acquired an industrial and engineering workshop in Western Australia’s Kalgoorlie for $10.9 million that was purpose-built last year for Pacific Energy, a wholly-owned subsidiary of Queensland Investment Corporation.

That followed its purchases of an industrial and engineering workshop in Kayili Road, Kalgoorlie for $8.15 million, a medical and allied health property in Queensland’s Mackay for $6 million, and an industrial workshop also in Mackay for $3.5 million.

In June, it offloaded a fully leased retail centre on Bribie Island for $9 million, six years after it paid $7.3 million for the asset.

Newman, who was also Lord Mayor of Brisbane, ran for the Senate in this year’s federal election with the Liberal Democrats.

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