Sentinel Real Estate Fund, LP Ranks First in its Peer Group for Participation in the 2023 GRESB Real Estate Benchmark Assessment. NOVA at Green Valley Apartments, an SREF property, features rooftop solar panels.

Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, and this year its ESG Assessments covered more than $8.8 trillion of assets under management. The GRESB 5 Star rating recognizes SREF for achieving a score among the highest 20% of 2,084 participants’ scores in the 2023 Real Estate Assessment worldwide.

"This important distinction reflects Sentinel's continued efforts to positively impact the environments in which we invest, and we are honored to be recognized as an ESG leader in our industry," said Nick Stein, Managing Director and Chair of Sentinel's ESG Committee. "ESG objectives are integrated into all aspects of our real estate operations and investment strategy as a whole, and we are proud of our team’s collective efforts to drive forward long-term solutions for our environment and society."

SREF achieved the highest overall GRESB score among its peers in the United States of America/Residential: Multi-Family: Low-Rise Multi-Family/Core category, receiving an overall score of 89 out of 100 points. SREF also ranked 3rd out of the 135 participants in the overall Americas Residential sector. Other notable scores in this year's assessment include 30 out of 30 points for management, outperforming the benchmark average by three points, and a performance score of 60 out of 70, surpassing the benchmark average by 12 points.

Sebastian Roussotte, CEO of GRESB, said, "GRESB Sector Leaders embody the industry's champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year’s Sector Leaders for their dedication, leadership and commitment to ESG principles and sustainability."

News coverage:
https://www.businesswire.com/news/home/20231004711075/en/Sentinel-Real-Estate-Earns-2023-GRESB-5-Star-Rating

Learn more about Sentinel's ESG efforts, which includes our latest ESG report.

The post Sentinel Real Estate Earns 2023 5 Star GRESB Rating 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.

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