The Australian branch of leading American development and real estate investment firm, Sentinel Real Estate Corporation, has acquired a 1.4-hectare site for development in Robina on the Gold Coast.
Located at Lots 5-8 Stadium Drive, Sentinel plans to deliver and manage approximately 300 high-quality rental apartments on the site. The new apartment community will target carbon neutral certification and a 5-Star Green Star rating from the Green Building Council of Australia, in keeping with other developments Sentinel has completed to date in Australia.
In a deal brokered by CBRE Gold Coast and Colliers, this is Sentinel’s first development site purchased in Queensland, and follows the successful completion and leasing of its first Australian Build to Rent apartment communities in Subiaco, Western Australia. It also follows the progression of construction on its 172-apartment Build to Rent community in West Melbourne, Victoria.
Keith Lucas, Managing Director of Sentinel in Australia said: “After bringing our premium and sustainable Build to Rent communities to Western Australia and Victoria, we’re excited to expand our footprint to the Sunshine State.
“We’re committed to delivering sustainable and high-quality living environments that provide renters with a refined rental experience and offer Queenslanders greater housing choices. This is especially important as rental vacancy rates in Queensland continue to tighten and areas like Robina expect to see a significant boom in population and jobs growth over the next decade,” said Mr Lucas.
The site, situated in Robina’s Stadium Village Precinct, 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 Bond University. 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.
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.
