Sentinel Fund Manager Australia (“Sentinel Australia”), the Australian arm of leading American development and real estate investment management firm Sentinel Real Estate (“Sentinel”), has received planning approval for a 240-apartment rental community and mixed-use offering in Adelaide’s inner-north.
Sentinel Australia will deliver and manage the premium and sustainable rental offering at Lot 53 on the prime corner of Third and Gibson streets in Renewal SA’s Bowden precinct. The approved development, comprising 12-storeys and a mezzanine, will be purpose-built for renters and offer studio, one-, two- and three- bedroom apartments with a range of layouts available to suit different household preferences.
It will be professionally managed under Sentinel Australia’s dedicated property management platform, Kinleaf, with professional management, leasing and maintenance staff located on-site to assist residents throughout their rental experience. The apartment community will be pet-friendly and have a curated range of resident amenities on offer including a swimming pool, fitness centre, resident lounge, barbeque facilities and two open green terraces on the podium level.
On the ground floor of the development, there will be activated retail space including the on-site Kinleaf management and leasing office, a business centre, Small Office Home Office spaces and another commercial tenancy which will open to retailers for expressions of interest.
South Australia’s Minister for Housing and Urban Development Nick Champion said the development will make a welcome contribution to the diversity of Adelaide’s housing stock and play a vital role in enhancing Bowden’s vibrant urban village.
“The build-to-rent asset class is a game changing for South Australia because it challenges the established tenant/landlord relationship giving power back to tenants – critical when rental vacancies at below 1 per cent,” Minister Champion said.
“The Bowden precinct is becoming an increasingly diverse and vibrant provider of housing options for South Australians looking for alternative and flexible housing options.”
In keeping with Sentinel Australia’s industry-leading commitment to sustainability across its Build to Rent portfolio, the approved development will target carbon neutral certification, a minimum 5-Star Green Star rating from the Green Building Council of Australia and a minimum 7.5-star average NatHERS rating across the building on completion. Features to support more sustainable living outcomes include EV charging stations, generous internal and external bike parking to encourage low carbon forms of transportation, the provision of energy-efficient appliance packages in all apartments, solar panels for common area energy supply, a recycled water supply for garden bed irrigation, provision of multiple recycling streams to reduce waste and a significant amount of green landscaping throughout the development.
Keith Lucas, Sentinel’s Managing Director in Australia, said: “We are pleased to receive development approval for what will be South Australia’s first purpose-built institutional Build to Rent community. Across our portfolio, our focus is on delivering high-quality and sustainable living outcomes for renters with well-designed apartments, access to range of amenities and dedicated leasing, management and maintenance teams on-site to provide residents with a more convenient and refined rental experience.
“The development is designed to offer South Australians greater housing choice and to add to the vibrancy of the walkable and inviting Bowden Urban Village. We’re proud to be bringing the innovative housing model to Adelaide,” said Mr. Lucas.
Oliver Mayger, Architectus Principal said: “The ambition is to create a strong sense of place, with architecture and spaces that complement the character of the precinct while also adding new vibrancy to Bowden. We prioritised equitable amenities for residents, maximising apartment access to solar and natural light, reduced overshadowing to enhance views and improved connections to the adjacent park and pedestrian links. Our design scheme is responsive to the precinct’s evolving characteristics through form, scale and materiality.”
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 close proximity.
For media enquiries, please contact:
Susana Liu – Marketing & PR Lead for Sentinel Australia
+61 408 545 267