Sentinel Pays $18 Million For Brisbane Industrial Property

SENTINEL Property Trust has paid $18 million for an industrial building in Archerfield, Brisbane.

The fully leased, 14,000 square metre development was acquired by BlueScope Steel, who have signed a 15-year lease back for the property.

Sentinel is reported by the AFR to have purchased the property on an 8.5 per cent yield.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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