Investment
Status

Full

Purchase
Price

$62M

Date of
Purchase

Dec '14

Current Net
Distribution Dec '18

8.50%

About Sentinel Citilink Trust


Sentinel Citilink Trust is situated in an established medical, commercial and residential precinct directly opposite the Royal Brisbane and Women’s Hospital, the largest hospital in the Southern Hemisphere.

Adjacent to major public transport infrastructure, including the RBWH Busway Station and Cycle Centre and 600 metres to Bowen Hills Train Station.

Primarily leased to multi-national and Government tenants, including The State of Queensland/Queensland Health, Siemens and Anytime Fitness (2,500+ locations globally).

Bowen Hills is a rapidly growing near city suburb that was declared an Urban Development Area by the Queensland Government in March 2008. Circa 2,500 apartments are planned for the area, including a $2.9 billion redevelopment of the RNA Showgrounds.

Large land holding of 12,690m² with potential to construct a 12 storey landmark building (subject to planning approvals). Our initial development strategy for Stage 1 on the land at the rear is to construct a facility similar to a ‘step down’ facility, or serviced apartment complex. A step down facility can be used as temporary placement of a patient who is medically stable but requires minimal or no monitoring, or accommodation for rural doctors or nurses who travel to Brisbane for continuing professional development, or patients travelling to Brisbane for medical treatment.

Location


Sentinel Citilink Trust

153 Campbell Street, Bowen Hills QLD 4006

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