Sentinel Regional Office Trust

This Trust owns commercial office properties throughout Brisbane, Darwin, Townsville, Cairns and Newcastle. The Trust's objective is to acquire office assets at a time which is most advantageous to Investors, diversify risk and enable Investors to benefit from the efficiencies that are derived from ownership of multiple assets of the same class.
Quanta is proud to be a part of the NABERS Sustainable Portfolios Index 2022. The Index covers office buildings and shopping centres sustainability achievements across Energy, Water, Waste, Indoor Environment NABERS ratings and, for the first time, Carbon Neutral portfolios. The Sentinel Regional Office Trust portfolio managed by Quanta, received a rating of 4.7 stars for Energy and 4.2 stars for Water - out of a possible 6 stars. The portfolio ranked 9th in the 2022 NABERS Sustainable Portfolios Index.

Trust Snapshot

Established

Oct 16

Portfolio Valuation

$438.7M

Assets

11

Distribution p.a. (cents per unit)

9.5c

Lettable Area

90,311

NABERS Energy Rating

4.7 stars

Assets in this Trust

Argyle House

11, Argyle Street, Newcastle, New South Wales, 2300, Australia

Date of Acquisition: October 2016

Key Tenants: Service New South Wales, Suncorp Corporate Services

Number of Tenancies: 4

Lettable Area: 5,034sqm

Car Parks: 342

Arnhemica House

16, Parap Road, Parap, Northern Territory, 0820, Australia

Date of Acquisition: October 2017

Key Tenants: Northern Territory of Australia

Number of Tenancies: 1

Lettable Area: 2,200sqm

Car Parks: 49

CasCom Centre

13, Scaturchio Street, Casuarina, Northern Territory, 0810, Australia

Date of Acquisition: December 2016

Key Tenants: Northern Territory Government and the Commonwealth of Australia - Department of Bureau of Meteorology

Number of Tenancies: 26

Lettable Area: 19,952sqm

Car Parks: 276

Central Plaza

370, Flinders Street, Townsville, Queensland, 4810, Australia

Date of Acquisition: April 2018

Key Tenants: The Public Trustee, Randstad, QBE Management

Number of Tenancies: 11

Lettable Area: 4,794sqm

Car Parks: 22

Grafton Street

139, Grafton Street, Cairns City, Queensland, 4870, Australia

Date of Acquisition: August 2017

Key Tenants: Department of Health (State of Qld)- Department of Cairns, Hinterland Hospital and Health Service

Number of Tenancies: 3

Lettable Area: 2,446sqm

Car Parks: 25

Inala Commonwealth Offices

20, Wirraway Parade, Inala, Queensland, 4077, Australia

Date of Acquisition: January 2020

Key Tenants: Services Australia (Commonwealth), State of QLD - Department of Housing and Public Works

Number of Tenancies: 8

Lettable Area: 2,919sqm

Car Parks: 51

Jacana House

39, Woods Street, Darwin City, Northern Territory, 0800, Australia

Date of Acquisition: June 2017

Key Tenants: Commonwealth of Australia - Department of Social Services, Health and Aging, National Indigenous Australians Agency, Com Care

Number of Tenancies: 8

Lettable Area: 10,182sqm

Car Parks: 122

Makerston House

30, Makerston Street, Brisbane City, Queensland, 4000, Australia

Date of Acquisition: May 2019

Key Tenants: The State of Queensland - Department of Transport and Main Roads, Queensland Police Service

Number of Tenancies: 15

Lettable Area: 14,640sqm

Car Parks: 179 (managed by First Parking)

River Quays

7-13, Tomlins Street, South Townsville, Queensland, 4810, Australia

Date of Acquisition: December 2017

Major Tenants: Telstra, Commonwealth of Australia - Department of Agriculture & Water Resources, Bravus and Aecom

Number of Tenancies: 14

Lettable Area: 9,402sqm

Car Parks: 160

Scarborough House

8, Atlantic Street, Phillip, Australian Capital Territory, 2606, Australia

Date of Acquisition: August 2021

Key Tenants: Commonwealth of Australia - Department of Health

Number of Tenancies: 16

Lettable Area: 16,782sqm

Car Parks: 47

Stanley Street

19, Stanley Street, Townsville, Queensland, 4810, Australia

Date of Acquisition: April 2020

Key Tenants: Commonwealth of Australia (Department of Jobs and Small Business), North Queensland Land Council

Number of Tenancies: 10

Lettable Area: 2,613sqm

Car Parks: 134

2022 NABERS Sustainable Portfolios Index

Sold Properties

Buller Street

8 Buller Street, Port Macquarie NSW 2444

Sale Price: $37.9M
Date of Sale December: 2019
Internal Rate of Return: 20.33%

Creek Street

200 Creek Street, Brisbane QLD 4000

Sale Price: $41M
Date of Sale: November 2021
Internal Rate of Return: 4%