Sentinel Receives Approval to Develop 240-Unit Build to Rent Community in Adelaide

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Sentinel has received planning approval for a 240-apartment rental community and mixed-use offering in Adelaide’s inner-north, which will be the first institutional Build to Rent development in South Australia.

Aerial of property

The approved development, to be located on the prime corner of Third and Gibson streets in Renewal SA’s Bowden precinct, will be comprised of 12-stories and a mezzanine. Purpose-built for renters, it will offer studio, one-, two- and three- bedroom apartments with a range of layouts, in a premium and sustainable building.

The community will be an addition to Sentinel’s growing Kinleaf property management platform, which offers residents professional management, leasing and maintenance staff located on-site to assist throughout their rental experience. In keeping with our other Kinleaf developments, The Elements and The Briscoe, the Bowden property will be pet-friendly and have a curated range of resident amenities on offer including a swimming pool, fitness center, 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.

The Bowden precinct is the South Australian government’s first higher density urban infill revitalization 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 proximity.

As South Australia’s Minister for Housing and Urban Development Nick Champion observed, “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.” He went on to note, “Bowden precinct is becoming an increasingly diverse and vibrant provider of housing options for South Australians looking for alternative and flexible housing options.”

In addition to offering a new housing resource, and in keeping with Sentinel’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.

The announcement received coverage in media:
The Australian Financial Review (AFR)
BTR News Australia
The Urban Developer

Learn more about our Australian Build to Rent Projects.

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