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Sentinel Puts Foot on Gold Coast Site for Queensland Build-to-Rent Debut
US-based build-to-rent giant Sentinel is on the march, putting its sizeable foot on its first Queensland site in a strategic move for some northern exposure in the Australian market.
In a significant move for the emerging asset class, it has swooped on a 1.44ha development site at Robina on the Gold Coast in a deal believed to be worth close to $20 million.
The acquisition of the development-ready parcel at 5-8 Stadium Drive—next to one of Queensland’s biggest sporting arenas—heralds not only Sentinel’s debut in the Sunshine State but the first purpose-built institutional build-to-rent play on the Gold Coast by one of the sector's powerhouse platforms.
The Gold Coast became home to Australia’s first large-scale build-to-rent community, The Smith Collective, with the transition of the 2018 Commonwealth Games. Locally-based Homecorp Property Group also has been an early adopter of the build-to-rent model.
Sentinel plans to deliver and manage about 300 rental apartments across the planned development, which will target carbon neutral certification and a 5-Star Green Star rating.
https://www.theurbandeveloper.com/articles/sentinel-build-to-rent-gold-coast-queensland-debut?[+] Sentinel Puts Foot on Gold Coast Site for Queensland Build-to-Rent Debuthttps://www.theurbandeveloper.com/articles/sentinel-build-to-rent-gold-coast-queensland-debutIn this exclusive report, we reveal that US build-to-rent giant Sentinel is the buyer of a substantial site near one of south-east Queensland’s biggest stadiums and is preparing plans for its debut in the Sunshine State...Post is under moderationStream item published successfully. Item will now be visible on your stream.
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