Sentinel President, Michael Streicker, celebrated the opening of The Briscoe by Kinleaf, as he joined Acting Lord Mayor of Melbourne Nicholas Reece and Will Gibby, Fund Director, Global Real Estate at Federated Hermes, in an event introducing Sentinel’s addition to Melbourne’s developing Build to Rent market.
“The Briscoe has delivered a boost of high-quality rental supply to Melbourne’s housing market at a critical time.” Streicker said during the ceremony. “It is evident that housing needs and preferences are evolving across Australia and The Briscoe is a great example of how a well-designed Build to Rent product with an experienced operator can fulfill some of the growing demand for housing and offer greater housing choice.”
The Briscoe offers 172-apartment in a building purpose-built for renters, with premium and sustainable one-, two- and three-bedroom apartments for rent across its seven floors. It is professionally managed under Sentinel’s dedicated Australian property management platform, Kinleaf, with management, leasing and maintenance staff located on-site. The apartment community is pet-friendly and features a curated range of resident amenities including a resident lounge, fitness centre, rooftop lounge with views across the Melbourne skyline and business centre.
At the opening event for The Briscoe, the Acting Lord Mayor of Melbourne Nicholas Reece observed, “As Australia’s largest capital city, it’s essential Melbourne keeps up with demand for attractive Build to Rent offerings, and The Briscoe is doing just that.”
“With premium apartments and amenities like a fitness centre and rooftop lounge, all just a stone’s throw from the Melbourne CBD, there’s no doubt that The Briscoe will be a valuable addition to West Melbourne,” he said.
As Sentinel Australia’s newest operational Build to Rent apartment community in Australia, The Briscoe follows the success of its The Elements by Kinleaf development in Western Australia, which was the very first operational and stabilised institutional Build to Rent project in the country and has since fully leased across its two completed phases.
Drawing inspiration from its former use as an iron yard owned by one of Australia’s largest Victorian-era hardware firms, Briscoe & Company Limited, The Briscoe is notable for the sections of the of the building’s heritage façade and art deco signage that were restored throughout the construction process, with original brickwork from the façade also featured inside the completed building.
Will Gibby, Fund Director, Global Real Estate at Federated Hermes commented, “In partnership with Sentinel, we are proud to expand our portfolio of residential communities in Australia with the launch of The Briscoe, a pioneering Build to Rent development which adds much needed rental housing to the Melbourne market. We were able to draw on our extensive experience of delivering to-let residential properties in the UK to support the development of The Briscoe, ensuring it embodies Federated Hermes’ Responsible Property Investment agenda and is aligned with our Net Zero Carbon Pathway.”
Sentinel Australia currently has more than 1,600 Build to Rent units in operation or under various stages of development nationally, with plans to grow its pipeline to 5000 units over the next five years.
As pioneered by Sentinel Australia’s previous Build to Rent properties, The Briscoe is pursuing carbon neutral certification and is registered for a 5-Star Green Star rating from the Green Building Council of Australia. The building is fully electric and is targeting a minimum 7.5 Star NatHERS Rating.
The announcement received coverage in media:
North West City News
The Urban Developer
The ASEAN Developer
IREI
Read more about Sentinel’s Australian Build to Rent Projects.
To learn more about The Briscoe by Kinleaf, visit www.thebriscoe.com.au