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.

Element 27’s Carbon Neutral Certification has received considerable coverage including this piece from 7News Perth

Sentinel Real Estate is proud to announce that our flagship Australian Build to Rent project, Element 27, has become the first Carbon Neutral Certified apartment building in Australia under the Climate Active Carbon Neutral Standard for Buildings.

The industry-first achievement comes after Sentinel and Stantec’s sustainability team worked with the Green Building Council of Australia (GBCA) and Climate Active to shape a certification methodology for Green Star Performance that’s applicable to the Build to Rent model.

Element 27 was successfully registered for the first-of-its-kind certification in April this year, with final certification occurring on June 29th 2021.

Located in Subiaco, Western Australia, Element 27 was designed to incorporate environmental strategies aimed at water and energy conservation, reduction in greenhouse gas emissions and minimal maintenance and waste through the use of durable products.

Key sustainability features in the 93-unit building include electric car charging stations, energy efficient appliances, a 30kW photovoltaic system for common area energy use and an 8-star NatHERS rating. Specialty waste streams, access to a centralised geothermal system, a rainwater and grey-water recycling system, occupancy sensors and an embedded metering network also support high sustainability standards.

Michael Streicker, President of Sentinel said: “Driving progressive sustainable outcomes is at the core of our projects. Following a productive and considered process with Climate Active and the Green Building Council of Australia, it is rewarding to see Element 27, Australia’s first purpose-built Build to Rent project, successfully certified as the first Carbon Neutral Certified project of its kind as well.

“There is a unique opportunity with the Build to Rent model – our continued role in management of the building following design and construction means it is possible to track, benchmark and publish residential environmental performance in ways that differ from the traditional residential strata model. We have a continued responsibility and can ensure the building performs to high sustainability standards once occupied.

“We are also seeing a strong trend towards environmentally sustainable investments within the investor community, so it is natural we aim for outcomes such as creating Carbon Neutral buildings and embed this in our institutional management strategy.”

The Climate Active Carbon Neutral Standard for Buildings was established through collaboration between the Australian Government Department of Industry, Science, Energy and Resources, the GBCA and NABERS. To achieve eligibility and certification, several operational factors including stabilisation, greenhouse gas emissions, waste from operations, refrigerant impacts and transport emissions are assessed. The GBCA provides Climate Active with validation of projects for certification through industry recognised pathways such as Green Star – Performance v1.2.

Davina Rooney, Chief Executive Officer of the GBCA said: “We congratulate Sentinel for their leadership in setting the standard for the residential market with a net zero rating from Climate Active for their Element 27 development, using Green Star – Performance. The residential sector is responsible for over 50 per cent of Australia’s building-related emissions and the Build to Rent sector has an opportunity to set clear leading goals in this space by bringing investor drivers to the residential market.”

Element 27 was the first purpose-built institutional Build to Rent community in Australia, with the first phase operational and fully tenanted since April 2019. It is the only Build to Rent property currently active in Western Australia.

The second phase of the project is approaching practical completion and expected to open by September 2021. Construction of the third phase of the project is expected to begin in Q3 2021.

Element 27’s industry-first certification received considerable coverage from Australian press:

• 7 News Perth – Carbon neutral: rental revolution for the Perth housing market
• Channel 10 News Perth – Sentinel Real Estate carbon neutral building
• Australian Property Journal – Element one with nature with carbon neutral apartments
• Architecture and Design – Sentinel’s Build to Rent is Australia’s first Carbon Neutral Certified apartment building
• Eco Voice – Sentinel delivers Australia’s first Carbon Neutral Certified apartment building
• Urban.com.au – Sentinel’s Element 27 in Perth sets green benchmark in emerging Build to Rent sector
• Facility Management Magazine – Perth apartment block Element 27 gains Carbon Neutral Certification
• The Fifth Estate – Perth’s carbon neutral certified apartment building
• The Urban Developer – Sentinel Real Estate Achieves Australian Build-to-Rent First

Learn more about Sentinel's Build to Rent model here.

Learn more about how Sentinel is dedicated to Sustainability efforts here.

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