‘Enormous growth’ on the horizon

August 3, 2022

Investing in commercial property can offer safe harbour from rising inflation with high yielding assets, particularly in the retail sector, providing some of the best opportunities, says Sentinel Property Group CEO, Warren Ebert.

“With the rate of inflation at 30-year highs, the old heads will say the best protection against inflation is bricks and mortar, and this is a good time to buy the right assets,” he said.

Sentinel has been active in the retail sector buying the Casuarina Square shopping centre in Darwin for $418m from GTP Group, with investors receiving a net distribution of 7 per cent.

The group is in the market to buy Caneland Central in Mackay, undertaking due diligence on a potential deal worth more than $300m.

In Townsville, Sentinel has contracted to buy industrial land in a new estate being developed in Stuart. It is seeking inquiries for leasing on the land, offering sites from 20,000sqm to 60,000sqm.

“All those cities right up to the Queensland coast and into the Northern Territory is where we’ll keep buying,” Mr Ebert said. “I just think there’s a couple of decades of enormous growth in all of those sectors.”

Tony Raggatt | Townsville Bulletin

Download the Article

Request an Investor Information Pack

To take the next step, please call us on 07 3733 1660 or submit the form below.

Register Your Interest