Australia: Sentinel Fund Manager Australia, part of US-based Sentinel Real Estate, is to build Adelaide’s first institutional-grade Build to Rent project in a deal with South Australia’s government.
It will build and operate 250 BTR apartments in Bowden, in Adelaide’s inner-north, as part of a $100 million deal.
South Australia’s housing and urban development minister Nick Champion said the project would boost housing supply and help ease pressure on renters.
The 16-hectare Bowden precinct is the South Australian government’s first higher-density urban infill revitalisation project. It is expected to house more than 3,000 new residents over the coming years.
Sentinel has a has an Australian BTR portfolio of around 1,500 units under various stages of development and operation, and recently launched the Kinleaf management platform to operate the assets.
