ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Sentinel Sells Brisbane Industrial Site for $17m

504ac146-e921-4ba0-aab9-fb95bd100cfa

Sentinel Property Group has offloaded another Brisbane site, this time an industrial facility 11 kilometres east of the Brisbane CBD in Hemmant for $17 million.

Centuria Capital snapped up the partially tenanted property in Brisbane's east through Blue Commercial managing director Gary O’Shea.

The site, which comprises 47,951sq m of general industrial zoned land and features an 11,785 warehouse and 1,240sq m of office space, is located within the Trade Coast Precinct at 46-68 Gosport Street.

Sentinel’s Industrial Trust purchased the property for $16 million in 2012.

Related: Foundry Development Site in Brisbane’s South Hits the Market

Sentinel’s divestment follows on from its recent sale of the Citilink Business Centre at Bowen Hills for $76 million to Prime Super.

The group also purchased the Makerston House office building in Brisbane CBD’s legal precinct for $103 million from investment management company Challenger.

Along with the Brisbane transactions Sentinel managing director Warren Ebert said the group, established by Ebert in 2010, has been active in regional Queensland.

“Particularly in Mackay where our portfolio is approaching $100 million,” Ebert said.

“Mackay has been an important regional market in the national growth and success of Sentinel over the past decade and the company has tremendous confidence in the region's economic future, particularly with the opening up of the Galilee Basin with Adani’s Carmichael coal and rail project finally approved.”

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://theurbandeveloper.com/articles/sentinel-property-group-sells-brisbane-industrial-site-for-17m