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 its fourth Build to Rent apartment building in Subiaco’s Australian Fine China (AFC) Precinct.
The approved development at 1 Wembley Court, Subiaco, will inject 111 high-quality and sustainable apartments into Perth’s rental market, offering a range of studio, one-, two- and three-bedroom apartments.
The apartment community will be professionally managed under Sentinel Australia’s dedicated property management brand, Kinleaf, with management, leasing and maintenance staff located on site to assist residents throughout their rental experience. Residents will also have access to a curated range of lifestyle amenities including a fitness centre, resident lounge and dining area, a business centre and a landscaped green inner courtyard.
The community will build on the success of the Subiaco’s first completed and operational Build to Rent properties – the first two phases of Sentinel Australia’s The Elements by Kinleaf (“The Elements”). The first phase of The Elements opened in 2019 and was Australia’s first purpose-built institutional Build to Rent community. In 2021, the property also became the first carbon neutral certified apartment building in Australia. Both operational properties at The Elements are close to 100 per cent leased and have maintained high levels of occupancy and lease renewals since stabilising.
Sentinel Australia Managing Director, Keith Lucas said: “We are pleased with what our first rental apartment communities in Subiaco have achieved from a leasing, resident experience and community perspective, and look forward to continuing these positive outcomes nearby at our newly approved development on Wembley Court.
“From studios to spacious family units, our thoughtfully and sustainably designed apartments will cater to a range of household needs and provide residents with a convenient, resident-focused and community-oriented rental experience. We expect the apartment community will be a welcome addition to Perth’s rental housing market that provides more housing choice and enriches the local community,” said Mr Lucas.
In keeping with Sentinel Australia’s commitment to sustainability across its Build to Rent portfolio, the approved development at 1 Wembley Court will target carbon neutral certification, a 5-Star Green Star rating from the Green Building Council of Australia and a minimum 8-star average NatHERS rating across the building on completion. Features to support more sustainable living outcomes include the provision of energy-efficient appliance packages in all apartments, EV charging stations, generous internal bike parking to encourage low carbon forms of transportation and support the transit-oriented approach of the development, solar panels for common area energy supply, a recycled water supply for certain uses, the provision of multiple waste streams and a regular program of on-site events and activities for residents to engage in.
Designed by leading Perth-based architecture practice Cameron Chisholm Nicol, the architecture of the apartment community thoughtfully responds to the site’s industrial heritage.
Cameron Chisholm Nicol Managing Director, Dominic Snellgrove said: “The architecture incorporates references through form, expression and materiality to the broader site’s unique cultural and historical significance as a place for the production of domestic and industrial pottery and porcelain from 1921 to 2006.”
The site at 1 Wembley Court is well-located and transit-oriented in easy walking or cycling distance to a number of retail, educational, health, commercial and leisure offerings. With a Walk Score of 91, it is also a short stroll to public transport links including Subiaco Train Station and bus routes, enhancing the connectivity of the precinct to key employment, shopping, healthcare and recreation hubs. A large open green space is located only metres away at the Subiaco Common, which contains a lake, a children's play space and dog exercise areas. Following the closure of the Australian Fine China Factory in 2006, the AFC Precinct and its surrounds have undergone a transformation into a preeminent live/work/play neighbourhood in Subiaco.
*Images are artist impressions only.
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About Sentinel Australia Sentinel Fund Manager Australia (“Sentinel Australia”) is a leading, vertically integrated Australian Build to Rent platform built on 55 years of global experience and expertise in the sector. We are the Australian arm of independently owned American real estate investment management firm Sentinel Real Estate, which currently has A$13.6 billion of institutional quality real estate assets under management globally. Sentinel Australia began reviewing local Build to Rent opportunities in 2012 and since that time has successfully opened and leased the first two phases of its The Elements project in Subiaco (Perth), Western Australia. Sentinel Australia’s second Build to Rent project, The Briscoe, is located in West Melbourne and reached practical completion in December 2023. Sentinel Australia has also acquired sites for development in North Melbourne, Victoria; Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and in Bowden (Adelaide), South Australia. Sentinel Australia currently has more than 1,600 Build to Rent units in operation or under various stages of development nationally. In 2023, Sentinel Australia launched its dedicated property management brand, Kinleaf. To learn more about Sentinel Australia, visit www.sentinel-australia.com.au. About Sentinel Real Estate |
Sentinel Real Estate (‘Sentinel’) is an independently owned real estate investment management firm, headquartered in New York City with Australian offices in Melbourne and Perth. The firm currently has A$13.6 billion of institutional quality real estate assets under management, on behalf of 122 global clients. Since establishment in 1969, Sentinel has acquired and managed over A$30.8 billion of direct real estate investments, comprising 643 multifamily communities and 194 commercial properties. The Sentinel portfolio currently contains nearly 29,000 rental apartment units and approximately 500,000 square metres of commercial real estate.