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Sentinel Property Group delivers exceptional returns to investors from Cleveland property


Investors in Sentinel Property Group’s non-listed real estate investment trust (REIT) have seen remarkable returns from their investment in a property located in Cleveland, Brisbane’s bayside. Sentinel Property Group acquired the Cleveland Business Park for $19.7 million in November 2010, shortly after the company was established by its founder and CEO, Warren Ebert. Positioned in the heart of Brisbane’s Redland Shire health precinct and across from the Redland Public Hospital and Redland Mater Private Hospital, the 97,820 sqm site was valued at $53.5 million in June of the previous year. The property comprises approximately 20,000 sqm of warehousing and 3,500 sqm of office buildings leased primarily to Queensland Health.

Investors who initially paid $1 per unit in 2010 have enjoyed significant financial benefits. In 2012, they received a 10 percent capital return, and more recently, they benefited from the sale of a 5.4ha vacant portion of the site at 2-14 Weippin Street, Cleveland, to a private investor for an undisclosed sum. The sale provided investors with $1.81 per unit.

Warren Ebert expressed pride in the financial achievements brought to shareholders by the Cleveland Business Park. “At Sentinel we take great pride in the company delivering wealth for our investors, and Cleveland Business Park has been one of the great deliverers,” he stated. According to Ebert, investors received a total of $3.2408 per unit, which includes the capital return in December 2012, monthly distributions, and special distribution payments. “The total investor rate of return (IRR) over 13 years is more than 20 per cent,” Ebert highlighted.

Ebert also mentioned that investors could anticipate further gains from the performance of the remaining 5.7ha of the Cleveland Business Park, signifying ongoing benefits from this successful investment.

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