By the numbers

The property spans 9,813 square metres, giving tenants a large industrial footprint in Mackay’s Paget precinct.

Its gross lettable area is 3,052 square metres, spread across two modern industrial buildings.

Mackay produces about $26 billion in annual economic output, showing the scale of the region’s economy.

The region also has a $45 billion major project pipeline, supporting future work, investment and industrial demand.

Zoom In

The asset is zoned High Impact Industry.

It was purpose-built for heavy industrial use.

That includes the operation of 80-tonne and 40-tonne overhead cranes.

Mr Goakes said Mackay remains a strong regional market for this kind of property.

“Mackay continues to demonstrate strong fundamentals as a regional industrial market, with sustained demand for specialised facilities,” he said.

“Assets of this nature are difficult and costly to replicate in the current construction environment, and we are pleased to have secured it at an attractive level for our investors.”

Those comments point to two key drivers, demand and replacement cost.

In simple terms, specialised industrial assets are not easy to build again quickly or cheaply.

That can strengthen their long-term appeal.

Zoom Out

The Mackay deal adds to Natgen’s wider national growth.

Its funds under management have now reached $306 million.

Those funds sit across 20 active investment and development vehicles.

Natgen operates across several sectors and across western to eastern Australia.

The group is based in Queensland and has offices in Brisbane and the Gold Coast.

It says its trust structures give Australian investors direct access to commercial property and community-focused developments.

What To Look For Next?

This move could be the first of more Natgen activity in Mackay and Central Queensland.

Further specialised industrial deals may follow if demand stays firm.

There will also be interest in how assets inside Natgen Investment Trust PG26 perform over time.

“Western Toowoomba continues to experience steady economic and population growth, driven by its affordability, liveability and expanding service base,” he said.

“Kingsthorpe Central Shopping Centre is exceptionally well-positioned to support this growth.

“The combination of a refreshed IGA, stable long-term tenants, and expanded medical services ensures the centre remains a vital part of the community.

“The renewal of leases and arrival of a local GP underscores the confidence businesses and professionals have in the Kingsthorpe community.”

Mr Goakes said there was one tenancy still vacant in the centre that was available for lease.

“The centre’s sustainability credentials have been strengthened with the pharmacy installing solar power, complementing the existing solar array at the IGA,” he said.

“Recent road upgrades have improved access to the centre in 2025.”

Natgen bought the centre for $6m after it was built in 2021 by Kingsthorpe Central Pty Ltd.

“Western Toowoomba continues to experience steady economic and population growth, driven by its affordability, liveability and expanding service base,” he said.

“Kingsthorpe Central Shopping Centre is exceptionally well-positioned to support this growth.

“The combination of a refreshed IGA, stable long-term tenants, and expanded medical services ensures the centre remains a vital part of the community.

“The renewal of leases and arrival of a local GP underscores the confidence businesses and professionals have in the Kingsthorpe community.”

Mr Goakes said there was one tenancy still vacant in the centre that was available for lease.

“The centre’s sustainability credentials have been strengthened with the pharmacy installing solar power, complementing the existing solar array at the IGA,” he said.

“Recent road upgrades have improved access to the centre in 2025.”

Natgen bought the centre for $6m after it was built in 2021 by Kingsthorpe Central Pty Ltd.

Natgen managing director Steven Goakes said there had been surging interests in self-storage facilities in recent years.

“General Self Storage is a homegrown Gold Coast brand, and Southport is the latest iteration of a model we have developed specifically for this region,” he said.

“We are seeing strong demand from residents who simply need more space to make their homes functional while keeping their personal items safe, and our investors recognise the resilience of the sector.

“People are living differently. Apartments are smaller, families are more fluid, and space is at a premium.

“Storage is not an optional extra anymore, it is becoming part of the essential infrastructure that supports modern living on the Coast.”

It is the second such facility built by Natgen on the Gold Coast following the opening of a similar complex on Upper Coomera’s Ellis Way in October.

Natgen managing director Steven Goakes said there had been surging interests in self-storage facilities in recent years.

“General Self Storage is a homegrown Gold Coast brand, and Southport is the latest iteration of a model we have developed specifically for this region,” he said.

“We are seeing strong demand from residents who simply need more space to make their homes functional while keeping their personal items safe, and our investors recognise the resilience of the sector.

“People are living differently. Apartments are smaller, families are more fluid, and space is at a premium.

“Storage is not an optional extra anymore, it is becoming part of the essential infrastructure that supports modern living on the Coast.”

It is the second such facility built by Natgen on the Gold Coast following the opening of a similar complex on Upper Coomera’s Ellis Way in October.

“Collie Central’s 20-year service aware is a powerful reminder of the role neighbourhood retail plays in the strength of regional communities,” Natgen managing director Steven Goakes said.

Goakes said the introduction of a new kids’ play centre is planned, with a local private operator to install play equipment in the centre.

Natgen managing director Steven Goakes said there had been surging interests in self-storage facilities in recent years.

“General Self Storage is a homegrown Gold Coast brand, and Southport is the latest iteration of a model we have developed specifically for this region,” he said.

“We are seeing strong demand from residents who simply need more space to make their homes functional while keeping their personal items safe, and our investors recognise the resilience of the sector.

“People are living differently. Apartments are smaller, families are more fluid, and space is at a premium.

“Storage is not an optional extra anymore, it is becoming part of the essential infrastructure that supports modern living on the Coast.”

It is the second such facility built by Natgen on the Gold Coast following the opening of a similar complex on Upper Coomera’s Ellis Way in October.

Managing director Steven Goakes said the company’s strategy is focused on building the scale, quality and operational efficiency that the modern storage client is seeking.

“We are focused on developing institutional-grade facilities with high-quality design and robust infrastructure,” he said.

Each GSS facility features extensive electrical, mechanical and hydraulic systems, including state-of-the-art fire sprinkler protection. The high level safeguards stored goods, can reduce insurance premiums, and is increasingly valued by customers and insurers.

With Natgen Development Trust PR25 now fully subscribed, construction at the Park Ridge site is expected to commence in early 2026.