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.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.