Sentinel Boosts Port Presence

October 12, 2019

Newcastle Herald

PORT PURCHASE: Sentinel Property Group has paid $3.5 million for a vacant, development-ready site adjacent to another of its industrial assets at Mayfield.

Sentinel Property Group has purchased a vacant, development-ready site adjacent to another of its industrial assets at Mayfield, giving the real estate investment trust a 50-hectare combined landholding in the Port of Newcastle precinct.

The approximately 10.16 hectare cleared site at Lot 6, 71 Industrial Drive, Mayfield, was bought for $3.5 million. It adjoins Sentinel’s industrial investment at 51 Industrial Drive, which was purchased for $31 million in 2015.

Sentinel managing director Warren Ebert said acquiring a vacant site next to 51 Industrial Drive offered many opportunities for Sentinel to add value.

Request an Investor Information Pack

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

I would like to receive SMS alerts on Sentinel Property Group offers.

I accept the terms and conditions.

Each recipient of this information agrees that all information from Sentinel is of confidential nature, that they will treat it in a confidential manner, and will not directly or indirectly disclose or permit their agents or affiliates to disclose any information without the prior written consent of the Trustee.