Arcana Capital’s Post

View organization page for Arcana Capital, graphic

1,067 followers

ACQUISITION | We are pleased to confirm our third acquisition of the year with the successful settlement of two fully leased assets in Burnie, Tasmania for $11.75 million.   Strategically located in the CBD, with proximity to the core retail precinct and Port of Burnie (Tasmania’s largest general cargo port), the properties boast a strong tenant mix including the Tasmanian Government, Australian Electoral Commission, ACM, Zap Fitness 24/7 and Vie Finance & Insurance.   The acquisition represents a 10.24% yield based on fully leased net income and is projected to deliver an annualised distribution of 10.00% p.a. paid monthly to wholesale investors. This brings Arcana’s total acquisitions to over $270 million! We would like to thank the following people who have been crucial with finalising this transaction: - Matt Castley, Natalie Humzy-Hancock and Zachary Denovan (Colin Biggers & Paisley) for legal guidance and due diligence work; - Jess Milne, Gabi Forrest and Andrew Niven (Nivcorp Property Finance) and Giuseppe Guardala (St.George Bank) for organising finance; and - David Webster (Elders Tasmania) for assistance throughout the deal.   #CommercialProperty #Investment #Tasmania #Acquisition #FundsManagement #WholesaleInvestor #RealEstate #ArcanaCapital

  • No alternative text description for this image
Matthew Wright

Partner at Burgess Rawson

3mo

Well done gents, great to work with you Nicholas Sinclair and Zomart He

Andrew Niven

Director Oakridge Property Group & Nivcorp Property Finance

3mo

Cracker asset, well done team!

Sean Ryan

Chief Executive Officer | Managing Director, Executive Director

3mo

Congrats!

See more comments

To view or add a comment, sign in

Explore topics