Approval for Sentinel’s $65m Subi build

The state government’s land agency has approved Sentinel Real Estate’s $65 million built-to-rent project in Subiaco.

At its meeting late last month, the DevelopmentWA board approved the application to build a six-storey development on 1 Wembley Court in Subiaco.

The project, estimated to cost $65.1 million, was designed by architecture firm Cameron Chisholm Nicol.

In its decision, the DevelopmentWA board attached a list of conditions for approval including a four-year limit for the development to be substantially commenced.

"Following consideration of the recommendation by the Subiaco Land Redevelopment Committee, outcomes of public advertising, the Design Review Panel advice and the Planning Assessment Report, the board resolved to approve the application, subject to conditions and advice," the board said.

The proposed development comprises 111 apartments, a three-level car park, and motorcycle and bicycle storage.

The build will be a five-storey development with a partial six-storey component, attached to the corner piece extending to Hay Street.

Sentinel has three other build-to-rent projects in the precinct known as Australian Fine China, including Element 27.

The developer received approval for the third phase of Element 27 in 2020.

Business News understands the first three phases of the project would total an estimated $124 million.

The third phase of Element 27, known as The Elements by Kinleaf, comprises a 16,061 square metre building of 91 apartments.

Australian Fine China was a commercial pottery from the 1920s to 2006, the longest-lived and last secondary industry in the Subiaco industrial area.

Puresilver Corporation bought the Wembley Court site for $8.58 million in 2015, RP data shows.

The site is in the Subiaco Centro Precinct of the Subiaco Redevelopment area, that falls under DevelopmentWA's jurisdiction.