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/

The post Sentinel Receives Development Approval for 300-Apartment Build to Rent Community in Gold Coast, Australia appeared first on News.

Event speakers pictured left to right: Michael King, Patrick Brennan, Keith Lucas, Heather Maxwell, Andrew Lowcock, Matthew Kandelaars, Natasha Devlin, Robert Papaleo, Henry Vuu.

Topics discussed at the event included what recent federal and state policy announcements such as the Victorian Housing Statement and the lowering of the Managed Investment Trust (MIT) withholding tax rate for Build to Rent housing projects mean for the sector, and what’s needed next to support the long-term growth and potential of the asset class in Australia.

Sentinel is active in Victoria's Build to Rent market with a 172-apartment development, The Briscoe by Kinleaf, approaching completion at 151 Hawke Street in West Melbourne. It also recently announced the acquisition of a 6,528 square metre site for development at 23-47 Villiers Street in North Melbourne. Located in the heart of the Melbourne Biomedical Precinct, Sentinel plans to deliver and manage approximately 350 high-quality and sustainable rental apartments across two buildings on the site.

Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia and recently launched its Australian property management brand, Kinleaf.

The post Managing Director Keith Lucas Speaks on Property Council Victoria Build to Rent Panel appeared first on News.

Speaking alongside Michelle McNally from Aware Real Estate, Angela Buckley from Mirvac and Brendon Lamers from Clayton Utz on the Summit's Build to Rent panel, Mr. Streicker discussed topics including the promising future of Build to Rent in Australia's housing mix, the level of demand for the product domestically and abroad, and what's needed to unlock the full potential of the asset class in Australia.

"There's tremendous demand for the product," said Mr. Streicker.

"Delivering supply is obviously a challenge right now, but we really see that as something that will be resolved over time, and the sector itself we think will have strong development legs," he said.

The Australian Financial Review's Property Summit is an annual event which convenes the industry's most influential leaders, investors, commentators and disruptors over two days to discuss the emerging trends, opportunities and threats in the commercial and residential property markets.

Coverage of the Build to Rent panel at this year's Summit can be viewed below:
https://www.afr.com/property/residential/build-to-rent-needs-institutional-investment-housing-minister-says-20230911-p5e3qq
https://www.afr.com/property/residential/why-it-s-so-hard-to-rent-or-buy-a-home-20230911-p5e3qh

Sentinel began reviewing Build to Rent opportunities in Australia in 2012, establishing its Australian affiliate Sentinel Fund Manager Australia. Since that time, it has successfully completed, opened and leased the first two phases of its Element 27 project in Subiaco (Perth), Western Australia. Sentinel's second Build to Rent project, The Briscoe, is located at 151 Hawke Street in West Melbourne and is due to open in late 2023. It has also acquired sites for development in Scarborough (Perth), Western Australia; Robina (Gold Coast) in Queensland and in Bowden (Adelaide), South Australia. Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia and recently launched its Australian property management brand, Kinleaf.

The post President Michael Streicker Shares Insights at The Australian Financial Review 2023 Property Summit appeared first on News.