Keith Lucas, Managing Director and Georgina Duckworth, Director of Marketing and Client Services

Sentinel’s Element 27 project, opened in 2019 as the first purpose-built Build to Rent development in Australia in 2019 and was fully leased within six months. Two additional phases of that community are under development and will add over 170 additional units to the property. Recently, Sentinel’s third Australian development, a 175-unit development located at 194 West Coast Hwy, Scarborough, Perth, was approved as part of this major regional backing.

After serving in a similar capacity in New York, Mr. Lucas will focus on expanding Sentinel’s development team in Australia and executing Sentinel’s Build to Rent strategy in the region. His wealth of expertise will contribute to land acquisition, design, development, property management and government relations.

“I’m looking forward to working with our expanded team to ensure that our innovative offerings are tailored to the local market and help redefine Australia’s rental experience,” said Mr. Lucas. “The current supply-demand characteristics in the Australian housing market are favourable. We’re seeing movements in tax and planning legislation that support the Build to Rent model while consumer mindsets and timelines around home ownership are shifting – this is all fuelling strength in Australia’s Build to Rent sector. Sentinel is committed to delivering quality, sustainable housing for Australians that offers residents prime location, on-site management, quality amenities and fit outs while promoting a sense of community.”

Sentinel has also recruited Georgina Duckworth as Director of Client Services and Marketing in Australia and New Zealand. Ms. Duckworth will manage investor outreach and relations in the region, while also contributing to our strategic growth priorities. As former Director of Business at the American Australian Association, Ms. Duckworth has proven experience developing and fostering crucial relationships between key stakeholders across both countries.

“It’s an incredibly exciting time for Sentinel in Australia, as we continue to expand our local organisation in anticipation of substantial growth over the coming years,” said Michael Streicker, President of Sentinel Real Estate.

“Keith and Georgina’s expertise will bolster our Australian business, growing the development pipeline and supporting the successful execution of our Build to Rent strategy. We’re in a unique position to successfully deliver this, given our 51 years of global multifamily property experience and first-to-market position in the Build to Rent class in Australia.”

Sentinel has more than 1,000 Build to Rent units under various stages of development throughout Australia, including a West Melbourne site at 164-168 Roden Street. Australia and New Zealand developments are a substantial addition to our 50-year history of providing services to domestic and international institutions, with approximately A$10 billion of assets under management.

Element 27, Subiaco WA, Australia’s first purpose-built Build to Rent development

The post Sentinel bolsters its Build to Rent strategy in Australia appeared first on Sentinel Real Estate Corporation News.

Announced on behalf of Sentinel Fund Manager Australia, this will be our third Build to Rent development in Australia, following the success of our three-stage Element 27 project in Subiaco, Perth and another project currently underway in West Melbourne.

The approved 17,221 square metre mixed-use development in Scarborough will be developed, leased and managed by Sentinel. It features a single 21-storey Build to Rent tower atop a three-storey mixed-use podium and will comprise 175 apartments, four commercial tenancies, 230 bike parking bays, 215 car parking spaces and enhanced End of Trip facilities for commercial staff.

Located just 200m from the beach, the development will have spectacular sweeping views across the Indian Ocean and vibrant Scarborough.

The approved works also include a significant expansion and upgrade of the surrounding public space, creating important new amenity for Scarborough residents and visitors. We will create a new community park for the neighbourhood, a new public plaza with seating and shelter, a café and a bicycle repair station. This amenity was selected after consulting with the local community on what they would like to see more of in the area.

Like Element 27, Sustainability is at the centre of the newly approved development. 194 West Coast Highway is targeting a Green Building Council of Australia 5 Star Green Star rating and will have a range of sustainability features including rainwater harvesting for onsite irrigation, drought-resistant landscaping, WELS-rated fixtures and enhanced metering to manage water usage. A sleek double-glazed façade will also boost thermal performance and onsite solar energy generation.

Michael Streicker, President of Sentinel Real Estate said: “Our Build to Rent project at 194 West Coast Highway will enhance Scarborough’s beachside and its exceptional design will provide residents with an engaged and sustainable community. The local housing market in Perth is evolving and based on more than 50 years of global expertise, we know our Build to Rent model can deliver quality housing for more West Australians.”

“We’re also excited to be revitalising the public realm surrounding the site, creating new and exciting amenities for Scarborough. We thank DevelopmentWA for its ongoing support for the emerging Build to Rent sector.”

Construction of 194 West Coast Highway is scheduled to begin in late 2021.

Pictured above: Artistic Rendering, final finishes may vary

The approval received considerable coverage from the Australian press:

https://www.theaseandeveloper.com/news/2021/03/30/new-york-based-sentinel-expand-anticipated-a1-billion-australian-build-rent-market

https://www.architectureanddesign.com.au/news/sentinel-s-scarborough-build-to-rent-approved

https://www.afr.com/property/residential/sentinel-strides-towards-1b-build-to-rent-portfolio-20210326-p57efy

https://www.businessnews.com.au/article/Green-light-for-Scarborough-build-to-rent

https://www.urban.com.au/news/wa/planning-approval-received-for-major-build-to-rent-project-in-scarborough-west-australia

https://theurbandeveloper.com/articles/green-light-for-perth-build-to-rent-tower

https://www.australianpropertyjournal.com.au/2021/03/29/green-light-for-major-perth-build-to-rent-apartments/

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