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Investment opportunity: Arcana Capital acquiring prime Kalgoorlie industrial property

With forecast returns of 7.75 per cent over the first two years, commercial property investor and funds manager Arcana Capital has launched an investment trust for the acquisition of an industrial and engineering workshop in Western Australia's Goldfields region.

New warehouse with tenants' forklifts and machinery.

Commercial property investor and funds manager Arcana Capital has launched an investment trust for the acquisition of an industrial and engineering workshop in Kalgoorlie, Western Australia.

Arcana has entered into a $10.9 million contract for the purchase of the 2021 purpose-built building that sits on a total allotment of 20,236 square metres across three adjoining lots at 65 Carnegie Street, Kalgoorlie.

The property, comprising a net lettab…