Event speakers pictured left to right: Michael King, Patrick Brennan, Keith Lucas, Heather Maxwell, Andrew Lowcock, Matthew Kandelaars, Natasha Devlin, Robert Papaleo, Henry Vuu.

Topics discussed at the event included what recent federal and state policy announcements such as the Victorian Housing Statement and the lowering of the Managed Investment Trust (MIT) withholding tax rate for Build to Rent housing projects mean for the sector, and what’s needed next to support the long-term growth and potential of the asset class in Australia.

Sentinel is active in Victoria's Build to Rent market with a 172-apartment development, The Briscoe by Kinleaf, approaching completion at 151 Hawke Street in West Melbourne. It also recently announced the acquisition of a 6,528 square metre site for development at 23-47 Villiers Street in North Melbourne. Located in the heart of the Melbourne Biomedical Precinct, Sentinel plans to deliver and manage approximately 350 high-quality and sustainable rental apartments across two buildings on the site.

Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia and recently launched its Australian property management brand, Kinleaf.

Read more about our Australian Build to Rent Projects.

The post Managing Director Keith Lucas Speaks on Property Council Victoria Build to Rent Panel appeared first on Sentinel Real Estate Corporation News.

Located on a 1.4-hectare site at Lots 5-8 Stadium Drive in Robina, the newly approved apartment community marks Sentinel's first project in Queensland. It is part of Sentinel's growing portfolio of more than 1,600 high-quality rental units currently in operation or under various stages of development across Australia’s major cities, which also includes two fully leased apartment communities in Subiaco (Perth), Western Australia.

Note: Image is an artistic rendering, final finishes may vary.

Note: Image is an artistic rendering, final finishes may vary.

In Robina, Sentinel has received planning approval for a nine-storey sustainable building which will deliver an additional 41,799 square metres of new rental accommodation and resident amenities to support the housing needs of the growing area. The project will be developed by Sentinel and managed under Sentinel's Australian property management brand, Kinleaf, on completion.

Designed by Cera Stribley with Urbis appointed for urban planning services, the apartment community extends across two elegant towers with a connecting podium featuring indoor and outdoor resident amenities. It will have one-, two- and three-bedroom apartments on offer and resident amenities will include a pool and sun deck, fitness centre, resident lounge, amphitheatre, outdoor barbeque areas and more than 370 car parks and 120 bike parking spaces across the ground level. The design prioritises resident comfort and showcases the scenic views towards Surfer's Paradise and the hinterland. It also incorporates natural elements in its architecture and landscaping to thoughtfully integrate the community with its surrounding environment.

Lots 5-8 Stadium Drive is designed to achieve high levels of environmental and social sustainability in operation. It will target carbon neutral certification, a 5-Star Green Star rating from the Green Building Council of Australia and a minimum 7 Star NatHERS rating on completion, in keeping with other developments Sentinel has completed to date in Australia. Sustainability features incorporated in the building design include a photovoltaic system to supply solar power for common area usage, EV charging stations, a rainwater harvesting system for irrigation, the use of high WELS rated fixtures and energy-saving appliances, significant subtropical planting integrated throughout the development, and small fruit and herb gardens on offer for residents.

Keith Lucas, Sentinel's Managing Director in Australia said: "Our upcoming development on Stadium Drive will transform into a vibrant and engaged rental community that offers its residents thoughtfully and sustainably designed apartment living that sets a new benchmark for the area. Future residents can expect to enjoy high-quality fixtures and finishes, convenient access to a range of premium amenities within their building, and a refined rental experience amongst Robina's natural beauty and convenient location.

"Queensland's housing market is evolving and we relish the opportunity to apply our proven expertise in delivering and managing well-designed rental apartment communities to deliver more quality housing options to the local market and support the state’s growing population," said Mr Lucas.

The development site is situated in Robina's Stadium Village Precinct and is conveniently located only a short walk from key amenities and infrastructure including Robina Town Centre, Robina Train Station (with direct trains to Brisbane Airport), Cbus Super Stadium, Robina Hospital, and the wider Robina Health Precinct. It is also just minutes from the planned Robina City Parklands – the first stage of the Gold Coast City Council's proposed Greenheart Parklands – which is expected to deliver an extensive range of new amenities for the local community. Bond University's expanding Health and Sport campus, a new TAFE campus, a number of golf courses and easy links to the M1 Pacific Motorway are also within proximity.

Robina is just a 20-minute drive from some of the Gold Coast's most iconic beaches and a 15-minute drive from the Gold Coast International Airport. It is also the confirmed location for the Gold Coast Olympic and Paralympic Village for the 2032 Brisbane Olympic Games and is ranked among the Gold Coast’s fastest-growing suburbs, with its population and workforce expected to more than double by 2050. According to the Australian Bureau of Statistics (ABS), South East Queensland is the third largest urban region in Australia and accounts for almost 90 per cent of Queensland's total population growth.

The announcement received coverage in Australian media:
https://www.theurbandeveloper.com/articles/sentinel-first-queensland-btr-project-greenlit-robina
https://www.australianpropertyjournal.com.au/2023/10/18/gold-coast-build-to-rent-gets-major-injection/
https://realassets.ipe.com/news/pggm-and-sentinel-australia-expand-into-queensland-with-300-apartment-btr-investment/10069547.article
https://www.btrnews.au/sentinel-receives-approval-for-lots-5-8-stadium-drive-btr-in-robina/
https://www.businessnewsaustralia.com/articles/us-giant-sentinel-gains-approval-to-develop-300-build-to-rent-apartments-on-gold-coast.html
https://www.realestatesource.com.au/green-light-for-sentinel-first-queensland-project/
Gold Coast Bulletin:

Read more about our Australian Build to Rent Projects.

The post Sentinel Receives Development Approval for 300-Apartment Build to Rent Community in Gold Coast, Australia appeared first on Sentinel Real Estate Corporation News.

Speaking alongside Michelle McNally from Aware Real Estate, Angela Buckley from Mirvac and Brendon Lamers from Clayton Utz on the Summit's Build to Rent panel, Mr. Streicker discussed topics including the promising future of Build to Rent in Australia's housing mix, the level of demand for the product domestically and abroad, and what's needed to unlock the full potential of the asset class in Australia.

"There's tremendous demand for the product," said Mr. Streicker.

"Delivering supply is obviously a challenge right now, but we really see that as something that will be resolved over time, and the sector itself we think will have strong development legs," he said.

The Australian Financial Review's Property Summit is an annual event which convenes the industry's most influential leaders, investors, commentators and disruptors over two days to discuss the emerging trends, opportunities and threats in the commercial and residential property markets.

Coverage of the Build to Rent panel at this year's Summit can be viewed below:
https://www.afr.com/property/residential/build-to-rent-needs-institutional-investment-housing-minister-says-20230911-p5e3qq
https://www.afr.com/property/residential/why-it-s-so-hard-to-rent-or-buy-a-home-20230911-p5e3qh

Sentinel began reviewing Build to Rent opportunities in Australia in 2012, establishing its Australian affiliate Sentinel Fund Manager Australia. Since that time, it has successfully completed, opened and leased the first two phases of its Element 27 project in Subiaco (Perth), Western Australia. Sentinel's second Build to Rent project, The Briscoe, is located at 151 Hawke Street in West Melbourne and is due to open in late 2023. It has also acquired sites for development in Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and in Bowden (Adelaide), South Australia. Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia and recently launched its Australian property management brand, Kinleaf.

Read more about Sentinel's Build to Rent Projects.

The post President Michael Streicker Shares Insights at The Australian Financial Review 2023 Property Summit appeared first on Sentinel Real Estate Corporation News.

Located at 23-47 Villiers Street in the heart of the Melbourne Biomedical Precinct, Sentinel plans to deliver and manage approximately 350 high-quality and sustainable rental apartments across two buildings on the site, as part of our Australian Build to Rent venture with Dutch pension fund manager PGGM.

This will be Sentinel's sixth Build to Rent apartment community in Australia and our second in Melbourne, following the delivery of a 172-apartment project, The Briscoe, in West Melbourne, which is scheduled to open later this year. The acquisition of 23-47 Villiers Street grows Sentinel's total pipeline in Australia to more than 1,600 rental units under various stages of development or operation.

The new apartment community will target carbon neutral certification and a 5-Star Green Star rating from the Green Building Council of Australia, in keeping with other developments we have completed to date in Australia. On completion, it will be operated under Sentinel’s Australian property management brand, Kinleaf.

Keith Lucas, Sentinel's Managing Director in Australia said: "This is a meaningful opportunity to deliver a significant boost in housing choice for the area that will support the rapidly growing health and education precinct and more broadly, Melbourne's housing needs.

"We're looking forward to leveraging our experienced and established Build to Rent platform to transform this well-located inner-city site into a vibrant and sustainable community with high-quality rental apartments, a wide range of resident amenities, and a professionally managed rental experience," said Mr Lucas.

23-47 Villiers Street is strategically located in a world-class health, research, technology, education and innovation precinct, which has received A$2.8 billion of investment over the past 10 years and is currently home to around 49,000 employees, according to Victorian Government research. The site is in immediate proximity to Australia’s largest hospital precinct including The Royal Melbourne Hospital, The Royal Women’s Hospital and The Royal Children's Hospital; as well as the Peter MacCallum Cancer Centre, The University of Melbourne, North Melbourne Primary School and Royal Park.

Jikke de Wit, Senior Director Private Real Estate at PGGM said: "We primarily invest on behalf of those who work in the health sector, so we are very pleased that our investment in this project will support the creation of quality and low carbon housing that is well-positioned to benefit other healthcare professionals, whilst generating healthy, long-term returns for our clients."

The site has excellent connectivity to the Melbourne CBD and surrounding suburbs with tram and bus services located less than a five-minute walk away, and the new Parkville Train Station located within 400 metres. The Parkville Train Station will provide convenient access to the CBD, North Melbourne’s Arden Precinct, suburban Melbourne and the proposed Melbourne Airport Rail Link. It is currently under construction with completion expected in 2025.

The announcement received coverage in Australian media:

The Australian
Australian Financial Review
Urban Developer
IPE Real Assets
Development Ready
Australian Property Journal

Read more about our Australian Build to Rent Projects.

The post Sentinel Acquires North Melbourne Site in Australia for 350-Apartment Build to Rent Development appeared first on Sentinel Real Estate Corporation News.

Speaking to the publication, our President, Michael Streicker, shared his insights on Australia's rapidly growing Build to Rent sector and why it should be a top target for global institutional investors.

"Supportive demographic trends, increasing urbanisation and changing lifestyle preferences are likely to drive strong demand for rental housing [in Australia] for many years to come," said Mr. Streicker.

"When you look at the volume of institutional investment recently coming into the build-to-rent sector from overseas, it's clear there are a number of sophisticated investors that recognise the value of the product and are getting behind it. In support of this, we’ve certainly seen strong performance at our first operational Australian build-to-rent communities.

"Given Australia's long-term housing undersupply and the build-to-rent model's lack of reliance on residential pre-sales, we believe the sector is well-positioned to remain resilient and continue to perform through economic cycles."

Read more in the May issue of IREI Asia Pacific:
https://irei.com/publications/article/living-spaces-japan-remains-the-go-to-market-for-multifamily-but-australias-young-build-to-rent-sector-is-growing-up-fast/

An artist rendering of The Briscoe by Kinleaf in West Melbourne. The 172-unit premium and sustainable rental community is set to open this year.

Sentinel began reviewing Build to Rent opportunities in Australia in 2012, establishing its Australian affiliate Sentinel Fund Manager Australia. Since that time, it has successfully completed, opened and leased the first two phases of its Element 27 project in Subiaco (Perth), Western Australia. Sentinel's second Build to Rent project, The Briscoe, is located at 151 Hawke Street in West Melbourne and is due to open in the second half of 2023. It has also acquired sites for development in Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and in Bowden (Adelaide), South Australia. Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia. Recently, Sentinel launched its property management brand, Kinleaf, offering Australians a premium and sustainable rental experience.

Follow us on LinkedIn, Facebook, Instagram or Youtube to stay up-to-date with Sentinel news.

Learn more about our Australian Build to Rent Platform.

The post Sentinel Featured in IREI Asia Pacific May 2023 Issue appeared first on Sentinel Real Estate Corporation News.

He will take part in the Summit's Global Perspectives panel, discussing the unique challenges and opportunities of developing Build to Rent communities in the Australian market including navigating local regulations, understanding market demand and identifying opportunities for innovation.

The Urban Developer vSummit will bring together some of the industry's most experienced professionals, including global and local developers and experts from across the Build to Rent sector.

To register to attend and watch the online panel discussion with Michael Streicker, visit the event website.

Sentinel began reviewing Build to Rent opportunities in Australia in 2012, establishing its Australian affiliate Sentinel Fund Manager Australia. Since that time, it has successfully completed, opened and leased the first two phases of its Element 27 project in Subiaco (Perth), Western Australia. Sentinel's second Build to Rent project, The Briscoe, is located at 151 Hawke Street in West Melbourne and is due to open in the second half of 2023. It has also acquired sites for development in Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and in Bowden (Adelaide), South Australia. Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia. Recently, Sentinel launched its property management brand, Kinleaf, offering Australians a premium and sustainable rental experience.

Follow us on LinkedIn, Facebook, Instagram or Youtube to stay up-to-date with Sentinel news.

Learn more about our Australian Build to Rent Platform.

The post President Michael Streicker to Speak on Global Perspectives Panel at Australian Build to Rent vSummit appeared first on Sentinel Real Estate Corporation News.

Mr. Streicker shared his insights on how the Build to Rent sector is evolving in Australia, along with Sentinel's expansion in the market with its recent launch of Kinleaf, a dedicated property management brand for its Build to Rent apartment communities throughout Australia.

"From our perspective, it is really exciting to see everything going on in Australia. We think there’s an enormous opportunity for the property type," says Mr. Streicker.

Read more of Michael Streicker's full interview: Property Australia

The first phase of Sentinel’s Element 27 apartment community in Subiaco (Perth), WA

Sentinel began reviewing Build to Rent opportunities in Australia in 2012, establishing our Australian affiliate Sentinel Fund Manager Australia. Since that time, we have successfully completed and opened the first two phases of our Element 27 project in Subiaco (Perth), Western Australia. The first phase of Element 27 has been operational and tenanted since early 2019 – making it Australia’s first institutional Build to Rent community – and both phases are fully leased. Sentinel’s second Build to Rent project, The Briscoe, is located at 151 Hawke Street in West Melbourne and is due to open in the second half of 2023. Sentinel has also acquired sites for development in Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and Bowden (Adelaide), South Australia. Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia.

Follow us on LinkedIn, Facebook, Instagram or Youtube to stay up-to-date with Sentinel news.

Learn more about our Australian Build to Rent Platform.

The post Sentinel Featured in Property Council Australia News appeared first on Sentinel Real Estate Corporation News.

Sentinel plans to deliver, own and manage approximately 250 premium and sustainable rental apartments on the 4,000 square metre site, which is located at Lots 49 and 50 on Third Street, Bowden. On completion, the apartment community will be managed under our Kinleaf property management brand.

An overview of Sentinel’s future building site at Renewal SA's Bowden precinct, in Adelaide's inner-north.

The new Kinleaf apartment community will target carbon neutral certification, a minimum 5-Star Green Star rating from the Green Building Council of Australia and an 8-star NatHERS rating, in keeping with Sentinel's industry-leading commitment to sustainability across our Australian Build to Rent portfolio.

South Australian Housing and Urban Development Minister Nick Champion said: "We welcome this boost to housing supply, which is set to alleviate pressure on renters and provide more choice for South Australians.

"The first-of-its-kind development, in the heart of the innovative Bowden precinct, provides a longer-term, more secure renting option and adds a new layer to our housing mix.

"The Build-to-Rent sector is emerging as another way to help address housing shortages and ease the rental squeeze – and it's great to see such a major global property player back Bowden as the place to do just that," said Minister Champion.

Director of Sentinel Fund Manager Australia, Michael Streicker said: "We're proud to be the first group to bring institutional Build to Rent to Adelaide and play a role in providing greater housing choice to South Australians.

"Our Build to Rent communities are designed and operated with renters as the priority, offering them a more convenient and refined rental experience where environmental and social sustainability are integrated throughout.

"This acquisition marks an important step in Sentinel’s national growth strategy. Following our successful delivery and stabilisation of Australia's first purpose-built Build to Rent communities in Western Australia, as well as the establishment of our first projects in Victoria and Queensland, we’re looking forward to working closely with Renewal SA to deliver this first-of-its-kind project for the state of South Australia," said Mr Streicker.

In addition to the premium and sustainable rental apartments, the first-of-its-kind project in Adelaide will provide its residents with a range of thoughtfully curated lifestyle amenities, experienced on-site management and maintenance teams, and integrated retail offerings.

Up-close street view of Sentinel’s future building site at Renewal SA's Bowden precinct, in Adelaide's inner-north.

The development is also expected to provide more than 250 jobs for South Australians throughout its construction and operation.

Renewal SA Chief Executive Chris Menz said: "Bowden has been at the forefront of innovative housing in South Australia for more than a decade.

"Having one of the world's leading institutional Build-to-Rent providers, Sentinel, choose Bowden as the location for its first South Australian venture will raise that bar again.

"Not only will it deliver greater choice and a more professionally managed and transparent rental experience for tenants, it will also free up availability in other housing segments that are currently oversaturated," said Mr Menz.

The Bowden precinct is the South Australian government's first higher density urban infill revitalisation project. Located just 2.5 kilometres from Adelaide's CBD on 16 hectares of land, it sets new standards in urban renewal for the state and is re-emerging as a vibrant inner-city destination. It is estimated more than 3,000 new residents will call the precinct home over the coming years.

The precinct is designed to be a safe and walkable urban neighbourhood, with a focus on fostering a strong, diverse community and providing more sustainable and energy-efficient housing. The streets are designed for pedestrians and bikes, with green open spaces, parks, easy access to public transport and other essential and lifestyle amenities all in proximity.

In further service to South Australia, the project will facilitate a series of work experience placements for job seekers and high school students, to be run as part of Renewal SA's social enterprise program.

The announcement received coverage in Australian media:
The Australian Financial Review
The Australian
The Urban Developer
Australian Property Journal
Development Ready
Real Estate Source
Business News Australia

7News reports on Sentinel’s first institutional Build to Rent community in South Australia

This is Sentinel's first development site purchased in South Australia. Along with the recent development site purchased in Queensland, it follows the successful completion and leasing of Element 27 (to be renamed The Elements by Kinleaf), its first Australian Build to Rent apartment communities in Subiaco (Perth), Western Australia. It also follows the progression of construction on its 172-apartment Build to Rent community The Briscoe by Kinleaf in West Melbourne, Victoria, which is due to reach practical completion this year.

Read more about our Australian Build to Rent Projects.

The post Sentinel to Deliver South Australia’s First Institutional Build to Rent Community appeared first on Sentinel Real Estate Corporation News.

In his interview, Michael spoke about Sentinel's origins, our Build to Rent platform in Australia, our first pioneering moves for the sector locally, and where it's heading today.

"We've been cheerleading the sector for years and it's fantastic to see it beginning to come to fruition…the supply and demand dynamics in Australia necessitate all sorts of new housing opportunities and it's very gratifying to see the Build to Rent sector is well placed within that conversation.

"This is housing that many people will be very excited to live in once they are introduced to it, once they learn about it and once they engage with it…and that's certainly been our experience in Subiaco where we've seen exceptional tenant retention, we're fully leased and we have waitlists. It's really a product that has been extremely exciting to see how well received it's been," said Mr. Streicker.

Full video interview:

Full audio interview:

Read more about our Australian Build to Rent Projects.

The post President Michael Streicker Interviewed on Australian Build to Rent appeared first on Sentinel Real Estate Corporation News.

Kinleaf debuts with two fully-leased Build to Rent properties in Subiaco (Perth), WA

Sentinel has announced Kinleaf, a dedicated property management brand for our Build to Rent apartment communities in Australia.

Kinleaf's offering will provide Australians with a premium and sustainable rental experience. Each apartment community is thoughtfully designed for the modern Australian renter and offers a refined living experience focused on convenience, community and sustainability.

Kinleaf will be rolled out across existing and future communities in Sentinel's Australian Build to Rent portfolio, which currently contains more than 1,300 units under various stages of development and operation.

Michael Streicker, President of Sentinel Real Estate Corporation said: "The launch of Kinleaf marks the next stage of Sentinel's growth in Australia. We’re proud to have been the first organisation to establish a purpose-built institutional Build to Rent community here in 2019 and introduce Australians to a new way of renting. Now, our focus is on continuing to grow a national portfolio of premium and well-located rental communities that deliver greater housing choices for more Australians and strong, long-term returns for investors. This will be enhanced by Kinleaf's clearly defined and tailored offering.

"Kinleaf's offering is grounded in providing a living experience that is focused on the renter, prioritises sustainability outcomes, and supports the creation of vibrant and engaged communities. Our experienced on-site management and maintenance teams, streamlined leasing process, and thoughtfully curated lifestyle and wellness amenities are just some of the ways we’re delivering an overall more refined rental experience," said Mr Streicker.

Sentinel President, Michael Streicker, surveys the Melbourne skyline from the rooftop of The Briscoe, which will be Kinleaf’s third operational Build to Rent development in Australia.

Kinleaf will continue the high standard of living and service delivered by Sentinel at its existing operational Build to Rent communities in Australia. This includes consistent, high-quality finishes and fixtures within each Kinleaf building; full energy-efficient appliance packages provided in all apartments, a wide variety of apartment floor plans available to suit different renter needs, and a pet-friendly approach.

Each Kinleaf community will target a range of leading sustainability benchmarks for the Australian built environment including carbon neutral certification, a minimum 5 Star Green Star rating, and a minimum 8-Star average NatHERS (Nationwide House Energy Rating Scheme) rating. Initiatives to increase the environmental performance of communities will include solar energy and rainwater reuse strategies, electric vehicle charging stations, the selection of high-quality and durable materials with certified low environmental impacts, and enhanced waste management strategies. A range of resident education initiatives will be facilitated by on-site management teams to increase understanding among residents of the green systems available to them in their buildings and encourage participation.

To sustain a vibrant and engaged community, a number of opportunities for meaningful engagement and community-building will also be facilitated by the Kinleaf team – including the hosting of regular social events and activities for residents. Furthermore, Kinleaf communities are designed and operated to be more accessible to residents with different needs, both within and beyond the apartment walls.

In line with the launch of Kinleaf, Sentinel's 172-apartment Build to Rent community in West Melbourne will be named The Briscoe by Kinleaf. Our operational Element 27 Build to Rent apartment community in Subiaco, Perth, will also see its name evolve to The Elements by Kinleaf later this year.

In January this year, we announced the acquisition of a 1.4-hectare site for development in Robina on the Gold Coast. Sentinel plans to deliver approximately 300 premium rental apartments on the site, which will also be developed and managed under the Kinleaf brand.

To learn more about Kinleaf, visit www.kinleaf.com.au and follow us on Instagram, Facebook and YouTube to stay in touch with the latest updates.

The launch of Kinleaf also received coverage in Australian media:
The Australian Financial Review
Australian Property Journal
Australian Property Markets News
Urban Living News
Financial Standard
The Property Tribune
ANZ Property Journal
The Australian

Learn more about our Australian Build to Rent Projects.

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