1 00:00:00,040 --> 00:00:02,599 Speaker 1: That's joining me in the studio right now is the 2 00:00:02,640 --> 00:00:06,040 Speaker 1: Sentinel Property Group CEO, Warren Ebberts. 3 00:00:06,160 --> 00:00:07,440 Speaker 2: Good morning to you, Warren. 4 00:00:07,600 --> 00:00:10,520 Speaker 3: Good morning Katie, another beautiful day in Darwin. 5 00:00:10,240 --> 00:00:12,040 Speaker 1: And good to have you in the studio as well, 6 00:00:12,080 --> 00:00:14,840 Speaker 1: and meet you in person, Warren. You and I have 7 00:00:14,880 --> 00:00:18,040 Speaker 1: spoken on numerous occasions about some of the issues since 8 00:00:18,079 --> 00:00:21,919 Speaker 1: taking over a Casarina Square shopping center, some of the 9 00:00:21,960 --> 00:00:24,360 Speaker 1: issues that have been experienced when it comes to crime 10 00:00:24,440 --> 00:00:29,240 Speaker 1: and Dante social behavior. But it looks as though the 11 00:00:29,320 --> 00:00:32,000 Speaker 1: dogs being there and some of the other security measures 12 00:00:32,040 --> 00:00:33,920 Speaker 1: that that are in place have made a bit of 13 00:00:33,960 --> 00:00:34,560 Speaker 1: a difference. 14 00:00:35,320 --> 00:00:38,400 Speaker 3: Katie. That made a massive difference. In the twelve months 15 00:00:38,400 --> 00:00:43,800 Speaker 3: to December. December just gone, we've got our andy social 16 00:00:43,840 --> 00:00:47,200 Speaker 3: behavior down seventy four percent. Now there's still a lot 17 00:00:47,240 --> 00:00:52,320 Speaker 3: to do, but we've Our security bill is two point 18 00:00:52,360 --> 00:00:54,880 Speaker 3: three million dollars a year, which works out to be 19 00:00:55,120 --> 00:00:59,160 Speaker 3: forty five dollars per square meter. Now. According to the 20 00:00:59,160 --> 00:01:03,720 Speaker 3: Property Council of Australia, the average in Queensland for security 21 00:01:03,880 --> 00:01:06,199 Speaker 3: of a cent of the size of ours is seven 22 00:01:06,240 --> 00:01:09,560 Speaker 3: dollars a square meter. Wow, so ours is six times 23 00:01:09,760 --> 00:01:13,360 Speaker 3: we own another similar sized shopping center in Mackay Cainland 24 00:01:13,400 --> 00:01:17,280 Speaker 3: shopping center. And while in the wet season, we'll average 25 00:01:17,760 --> 00:01:22,240 Speaker 3: about three hundred reports a day in our center where 26 00:01:22,240 --> 00:01:26,960 Speaker 3: we have to move people on. In Cainland, they don't 27 00:01:27,000 --> 00:01:28,800 Speaker 3: know the last time they did one, So it's a 28 00:01:28,800 --> 00:01:30,840 Speaker 3: bit boring for security guards down there. 29 00:01:31,080 --> 00:01:33,240 Speaker 2: Is that right? So three hundred a. 30 00:01:33,400 --> 00:01:34,600 Speaker 3: Day a day? Yes? 31 00:01:35,200 --> 00:01:35,920 Speaker 2: Is that currently? 32 00:01:36,240 --> 00:01:36,280 Speaker 1: No? 33 00:01:37,400 --> 00:01:40,759 Speaker 2: Wow? And then in Cainland's you're not even worrying about that. 34 00:01:41,200 --> 00:01:42,600 Speaker 3: No. As a matter of fact, when they open the 35 00:01:42,600 --> 00:01:44,760 Speaker 3: doors up there every morning, they invite the homeless in 36 00:01:45,600 --> 00:01:47,960 Speaker 3: because they come in, they give them a coffee, because 37 00:01:47,960 --> 00:01:50,440 Speaker 3: it's they really they don't have any issues down there. 38 00:01:50,520 --> 00:01:50,720 Speaker 1: Now. 39 00:01:50,800 --> 00:01:54,720 Speaker 3: It's not to say there's no crime in Mackay, but 40 00:01:54,840 --> 00:01:58,840 Speaker 3: the Darwin is you know, we're a major investor here. 41 00:02:00,320 --> 00:02:02,760 Speaker 3: It has real problems, and I think one of the 42 00:02:02,760 --> 00:02:06,040 Speaker 3: great things is that it's being recognized nationally and we've 43 00:02:06,080 --> 00:02:08,920 Speaker 3: seen the Prime Minister fly up to Alas Springs for 44 00:02:09,000 --> 00:02:11,480 Speaker 3: half an hour or whatever it was, and they're throwing 45 00:02:11,520 --> 00:02:13,920 Speaker 3: some money at it. I don't think money will solve 46 00:02:13,919 --> 00:02:16,840 Speaker 3: the long term problems. It's a deeper issues than that. 47 00:02:16,960 --> 00:02:20,280 Speaker 3: But people recognize that there's serious issues that needs serious action. 48 00:02:20,720 --> 00:02:26,160 Speaker 3: And at Casarina Square, we want to welcome all genuine shoppers. 49 00:02:26,240 --> 00:02:28,200 Speaker 3: You know, it's a family shopping center. As I've said 50 00:02:28,240 --> 00:02:31,520 Speaker 3: millions of times, it's every man, woman and child in 51 00:02:31,639 --> 00:02:34,240 Speaker 3: Darwin goes at five point one times a month. On 52 00:02:34,360 --> 00:02:37,080 Speaker 3: Boxing Day at Casarina Square, we had over thirty percent 53 00:02:37,080 --> 00:02:39,560 Speaker 3: of the entire population of Darwin in our setup. 54 00:02:39,600 --> 00:02:40,480 Speaker 2: It's crazy, isn't it. 55 00:02:40,520 --> 00:02:44,320 Speaker 3: So it's important that people see it as a clean, safe, 56 00:02:44,520 --> 00:02:47,640 Speaker 3: enjoyable place to come for their families. Now we want 57 00:02:47,680 --> 00:02:50,639 Speaker 3: everyone to enjoy it, but we will not tolerate the troublemakers. 58 00:02:51,200 --> 00:02:54,079 Speaker 3: And while we have a lot of moves move on. 59 00:02:54,240 --> 00:02:56,440 Speaker 3: What happens now with our security people, they will stop 60 00:02:56,480 --> 00:02:58,960 Speaker 3: them at the door. Yeah, we have conditions of entry. 61 00:02:59,040 --> 00:03:01,280 Speaker 3: If you don't have shoes on your feet, you're not 62 00:03:01,320 --> 00:03:05,400 Speaker 3: allowed in. And if you're not dressed appropriately. So we 63 00:03:05,440 --> 00:03:07,840 Speaker 3: know it's a warm climate and you've got to allow 64 00:03:07,919 --> 00:03:11,400 Speaker 3: thongs and shorts and segalants. We understand that, but you 65 00:03:11,680 --> 00:03:15,000 Speaker 3: have to be clean and tidy. So our security people 66 00:03:15,080 --> 00:03:16,359 Speaker 3: just turn around at the door and allow them in 67 00:03:16,400 --> 00:03:16,720 Speaker 3: the center. 68 00:03:16,800 --> 00:03:19,880 Speaker 1: And Warren I know that the Northern Territory government said 69 00:03:20,000 --> 00:03:22,480 Speaker 1: not too long ago, towards the end of last year 70 00:03:22,480 --> 00:03:25,799 Speaker 1: that they were making changes to trespass initiatives and the 71 00:03:25,880 --> 00:03:29,560 Speaker 1: trespass notices. Has that made much of a difference at 72 00:03:29,600 --> 00:03:32,080 Speaker 1: Casuarina Square or have you seen any change at this 73 00:03:32,160 --> 00:03:35,760 Speaker 1: point in terms of being able to issue I'm assuming trespass. 74 00:03:35,360 --> 00:03:39,520 Speaker 3: Notices, Katie. I've got to embarrassedly admit that I don't 75 00:03:39,520 --> 00:03:41,520 Speaker 3: live in Darwin, so I'm not here. 76 00:03:41,720 --> 00:03:42,880 Speaker 2: I won't hold that against you. 77 00:03:42,880 --> 00:03:45,440 Speaker 3: Has only got ninety two on the most influential people, 78 00:03:45,480 --> 00:03:48,080 Speaker 3: but we'll work on moving up the ladder for next year. 79 00:03:49,440 --> 00:03:52,160 Speaker 3: So I'm not one hundred percent up with all of 80 00:03:52,160 --> 00:03:55,520 Speaker 3: the laws. But there has been sort which is an 81 00:03:55,520 --> 00:03:58,800 Speaker 3: anti social behavior thing which the government, which comes under 82 00:03:58,800 --> 00:04:02,200 Speaker 3: the police, and that has been fantastic. So yeah, there's 83 00:04:02,240 --> 00:04:05,360 Speaker 3: no silver bullet. It's all a one percent and I 84 00:04:05,440 --> 00:04:08,400 Speaker 3: know that the government are certainly trying hard and put 85 00:04:08,440 --> 00:04:12,840 Speaker 3: in measures and the police helpful. One of the things 86 00:04:12,840 --> 00:04:16,600 Speaker 3: we have to be careful of as things improve at 87 00:04:16,640 --> 00:04:19,120 Speaker 3: Cainland that they don't move the police away and say 88 00:04:19,120 --> 00:04:21,000 Speaker 3: well it's been solved to yourself. 89 00:04:21,120 --> 00:04:25,640 Speaker 1: Hey Casarina, you mean yeah, Warren, did you anticipate I 90 00:04:25,640 --> 00:04:28,000 Speaker 1: do just want to ask, when you took over the 91 00:04:28,040 --> 00:04:31,320 Speaker 1: shopping center at Casarina, did you anticipate or did you 92 00:04:32,640 --> 00:04:35,679 Speaker 1: did you realize just how difficult some of those anti 93 00:04:35,720 --> 00:04:36,919 Speaker 1: social issues we're going to be. 94 00:04:39,400 --> 00:04:43,640 Speaker 3: It's not a surprise to us. You know, we make money, 95 00:04:43,800 --> 00:04:45,840 Speaker 3: Katie by buying things where there's a problem. If there's 96 00:04:45,880 --> 00:04:48,960 Speaker 3: no problem, there's going great, then there's no discount. So 97 00:04:50,680 --> 00:04:52,680 Speaker 3: we saw that as an opportunity and it has worked 98 00:04:52,680 --> 00:04:54,760 Speaker 3: out that way. There's been a lot of little things 99 00:04:54,760 --> 00:04:57,440 Speaker 3: that we've done. You know, we've got rid of a 100 00:04:57,480 --> 00:05:00,760 Speaker 3: lot of the seating benches where people would you have 101 00:05:01,520 --> 00:05:03,840 Speaker 3: too much to drink, have a celebration and lay down, 102 00:05:03,920 --> 00:05:06,840 Speaker 3: go to sleep. So we're gradually removing benches, just putting 103 00:05:06,880 --> 00:05:08,719 Speaker 3: them in seats. You know, out the front of coals 104 00:05:08,720 --> 00:05:11,400 Speaker 3: where there's benches and people would lay down there. We've 105 00:05:11,440 --> 00:05:14,360 Speaker 3: shifted those, removed those and put in other benches that 106 00:05:14,440 --> 00:05:16,800 Speaker 3: aren't very comfortable to sit on. But you know, you 107 00:05:16,800 --> 00:05:20,240 Speaker 3: could sit there with your children or friends while you're 108 00:05:20,240 --> 00:05:21,960 Speaker 3: waiting for someone, but you're not going to go to 109 00:05:21,960 --> 00:05:23,800 Speaker 3: sleep there because with the design, you just fall off 110 00:05:23,800 --> 00:05:26,560 Speaker 3: on the floor. So it's a lot of things like 111 00:05:26,600 --> 00:05:30,359 Speaker 3: that that we're doing, so not a surprise. I suppose 112 00:05:30,520 --> 00:05:33,560 Speaker 3: it's disappointing when you hear some of the troubles that 113 00:05:33,560 --> 00:05:37,159 Speaker 3: people have, and you know, we have a gathering point 114 00:05:37,200 --> 00:05:39,800 Speaker 3: for staff there where a couple of times a night 115 00:05:39,839 --> 00:05:42,960 Speaker 3: towards the end of the shopping day that we're security 116 00:05:43,040 --> 00:05:45,880 Speaker 3: will escort people staff down to their cars. Now, that's 117 00:05:45,920 --> 00:05:49,280 Speaker 3: not something that you should have to do, and I 118 00:05:49,279 --> 00:05:54,400 Speaker 3: don't think anyone would believe it's acceptable, but that was 119 00:05:54,440 --> 00:05:56,640 Speaker 3: all in the budget and we're working with it. And 120 00:05:57,680 --> 00:06:02,320 Speaker 3: we will close off every entry into CATHERINEA Square shopping 121 00:06:02,320 --> 00:06:07,000 Speaker 3: center after dark. Now that's a fairly expensive task, so 122 00:06:07,120 --> 00:06:09,920 Speaker 3: all of the driveways, all the ways in because we 123 00:06:10,560 --> 00:06:14,160 Speaker 3: are sick of people using our undercover car park as 124 00:06:14,160 --> 00:06:16,440 Speaker 3: a toilet, which costs has ten thousand dollars a month. 125 00:06:16,640 --> 00:06:18,719 Speaker 3: I don't think it's up to us to clean that out, 126 00:06:18,760 --> 00:06:20,320 Speaker 3: so we will close it off. 127 00:06:20,360 --> 00:06:21,760 Speaker 2: Now, when are you going to do that or when 128 00:06:21,760 --> 00:06:22,719 Speaker 2: are you going to start doing that? 129 00:06:23,279 --> 00:06:27,880 Speaker 3: Well, we've already started on measuring it up. There's a 130 00:06:27,880 --> 00:06:30,400 Speaker 3: lot of entrances there, Katie, so we've got to get 131 00:06:30,400 --> 00:06:32,480 Speaker 3: them more measured up than all priced up. And so 132 00:06:32,600 --> 00:06:35,960 Speaker 3: it will take some time. Now, we're fully aware before 133 00:06:36,000 --> 00:06:39,640 Speaker 3: someone starts ringing in that it's a cyclone shelter. We're 134 00:06:39,680 --> 00:06:42,599 Speaker 3: aware of that. But we have a staff on site 135 00:06:42,600 --> 00:06:44,719 Speaker 3: twenty four hours a day, so if ever there is 136 00:06:44,760 --> 00:06:47,640 Speaker 3: a cyclone warning and it has to use a cyclone shelter, 137 00:06:47,680 --> 00:06:50,320 Speaker 3: it will all be opened up, so that is not 138 00:06:50,400 --> 00:06:52,800 Speaker 3: an issue. But we're not going to let people use 139 00:06:52,920 --> 00:06:55,440 Speaker 3: a Catherine Square as a toilet, and we're hopeful that 140 00:06:56,040 --> 00:06:57,760 Speaker 3: if they don't sleep there of a night, well then 141 00:06:57,760 --> 00:06:59,960 Speaker 3: they're not there of the next morning to cause more problems. 142 00:07:00,120 --> 00:07:03,040 Speaker 1: A pretty unprecedented thing to have to do, isn't it 143 00:07:02,440 --> 00:07:05,080 Speaker 1: to totally close it all off after hours? 144 00:07:05,520 --> 00:07:07,080 Speaker 3: Well, when you see some of the things are happening 145 00:07:07,120 --> 00:07:13,560 Speaker 3: in the city here, they're unprecedented. Unprecedented times require unprecedented actions. Now, 146 00:07:14,400 --> 00:07:18,800 Speaker 3: I know by us stopping the issues at Casarina Square 147 00:07:19,120 --> 00:07:22,440 Speaker 3: doesn't make the bad element become good, It just shifts 148 00:07:22,480 --> 00:07:25,360 Speaker 3: it somewhere else. But as a shopping center owner, we 149 00:07:25,440 --> 00:07:28,040 Speaker 3: have a responsibility to our shoppers and the tenants and 150 00:07:28,080 --> 00:07:31,600 Speaker 3: their staff to provide a clean, safe environment. So we'll 151 00:07:31,600 --> 00:07:33,560 Speaker 3: do whatever we can and we'll spend whatever we have 152 00:07:33,600 --> 00:07:36,520 Speaker 3: to spend to get that done and they can move 153 00:07:36,560 --> 00:07:39,480 Speaker 3: somewhere else and that's someone else's problem. You know, it 154 00:07:39,480 --> 00:07:41,120 Speaker 3: really comes down to the government. That's what we pay 155 00:07:41,160 --> 00:07:44,240 Speaker 3: our taxes on that for. So we'll just look after 156 00:07:44,240 --> 00:07:46,160 Speaker 3: our property. But it's heading the right way. You're seventy 157 00:07:46,160 --> 00:07:51,240 Speaker 3: four percent reduction in one year is substantial. And the 158 00:07:51,320 --> 00:07:55,560 Speaker 3: canine patrols and while it might seem a heavy handed approach, 159 00:07:56,000 --> 00:07:59,600 Speaker 3: we have had a lot of phone calls and letters 160 00:07:59,600 --> 00:08:01,600 Speaker 3: from people saying how much better they feel there. 161 00:08:01,720 --> 00:08:04,200 Speaker 1: Yeah, well that's the main thing. Shoppers need to feel 162 00:08:04,240 --> 00:08:06,640 Speaker 1: safe while they are there. I don't mind if there's 163 00:08:06,840 --> 00:08:09,400 Speaker 1: the canine patrols there and then I know that you 164 00:08:09,440 --> 00:08:12,520 Speaker 1: know that everybody's in a safe environment inside the shopping center, 165 00:08:12,560 --> 00:08:14,440 Speaker 1: but particularly for people that work there. 166 00:08:14,640 --> 00:08:17,400 Speaker 3: Yes, well, we we were there the other day and 167 00:08:17,440 --> 00:08:20,200 Speaker 3: one of the dogs, Chopper, he's just an awful looking thing, 168 00:08:20,640 --> 00:08:25,080 Speaker 3: but scary looking. Oh, just horrent. But when we were 169 00:08:25,600 --> 00:08:28,120 Speaker 3: we were there talking with the security guards and he 170 00:08:28,200 --> 00:08:30,720 Speaker 3: just slays down, goes to sleep. They said, he knows 171 00:08:30,760 --> 00:08:33,240 Speaker 3: when there's a threat. Kids will pat the dog and 172 00:08:33,280 --> 00:08:36,079 Speaker 3: he's quick wags his tail, but they know that they 173 00:08:36,080 --> 00:08:40,240 Speaker 3: know the troublemakers. Yeah, so yeah, you don't get things 174 00:08:40,280 --> 00:08:42,120 Speaker 3: one hundred percent right on hundercent of the time. But 175 00:08:42,160 --> 00:08:44,960 Speaker 3: it's going the right way. Well into putting another another 176 00:08:45,000 --> 00:08:49,680 Speaker 3: dog on there outside, it's heating the right way. We're 177 00:08:49,760 --> 00:08:51,280 Speaker 3: very happy with way it's going, Katie larn. 178 00:08:51,320 --> 00:08:54,000 Speaker 1: We are going to have to get ready to wrap up, 179 00:08:54,000 --> 00:08:55,640 Speaker 1: but I do want to talk to you briefly as 180 00:08:55,679 --> 00:09:00,840 Speaker 1: well about about your plans for student of as in 181 00:09:00,880 --> 00:09:02,400 Speaker 1: the Northern Territory or in Darwin. 182 00:09:02,679 --> 00:09:06,080 Speaker 2: Where are you at with thath. 183 00:09:06,320 --> 00:09:08,559 Speaker 3: We haven't made a lot of progress in order to 184 00:09:08,600 --> 00:09:12,680 Speaker 3: build student accommodation you need land. We have had some 185 00:09:12,720 --> 00:09:16,040 Speaker 3: discussions with the government and we haven't got a positive 186 00:09:16,080 --> 00:09:18,199 Speaker 3: result at this time, but we'll continue to talk. And 187 00:09:19,520 --> 00:09:21,280 Speaker 3: I'm not good at begging and I'm prominent going to 188 00:09:21,320 --> 00:09:24,040 Speaker 3: start that. But we did have a very good meeting 189 00:09:24,040 --> 00:09:28,120 Speaker 3: with the Lord Mayor yesterday with con You know, it's 190 00:09:28,120 --> 00:09:30,960 Speaker 3: an urgent situation now for people who don't know central 191 00:09:30,960 --> 00:09:33,800 Speaker 3: and some people mightn't care. We don't do residential that 192 00:09:33,920 --> 00:09:36,439 Speaker 3: isn't our business, but there is a desperate need for 193 00:09:36,480 --> 00:09:39,400 Speaker 3: accommodation in Darwin. If the economy is going to grow, 194 00:09:39,440 --> 00:09:41,000 Speaker 3: then you've got to have somewhere for them to live, 195 00:09:41,559 --> 00:09:43,920 Speaker 3: and there's not enough workers here. Now we've been told 196 00:09:44,040 --> 00:09:46,120 Speaker 3: by a number of people that all the builders are 197 00:09:46,120 --> 00:09:48,440 Speaker 3: flat out, so you've got to do something else. So 198 00:09:48,480 --> 00:09:52,000 Speaker 3: we're bringing in modular housing. We do intend to do 199 00:09:52,559 --> 00:09:55,280 Speaker 3: what's called built ent BTR, which is very big in 200 00:09:55,320 --> 00:09:57,600 Speaker 3: the States to s don't do that Sydney, Melbourne, Brisbane. 201 00:09:57,720 --> 00:09:59,600 Speaker 3: We do want to start doing that up here because 202 00:10:00,040 --> 00:10:05,360 Speaker 3: there needs to be some quality accommodation, affordable accommodation delivered asap. 203 00:10:05,640 --> 00:10:08,640 Speaker 3: So we'd like to see the government on board. They 204 00:10:08,640 --> 00:10:11,080 Speaker 3: have told us they're looking at it and doing reports, 205 00:10:11,080 --> 00:10:12,400 Speaker 3: but there's nothing happening. 206 00:10:12,480 --> 00:10:14,719 Speaker 1: What would you need though, would you need them to 207 00:10:14,880 --> 00:10:16,040 Speaker 1: provide the land? 208 00:10:17,000 --> 00:10:19,000 Speaker 3: Well, at the end of the day, the rent that 209 00:10:19,040 --> 00:10:22,920 Speaker 3: has to be charged is based upon the cost, so 210 00:10:23,840 --> 00:10:25,880 Speaker 3: you know the government has a problem. Now we're not 211 00:10:25,920 --> 00:10:29,200 Speaker 3: after charity. We're a commercial business. But at the moment, 212 00:10:30,000 --> 00:10:33,199 Speaker 3: with the cost of construction here, I don't think you'd 213 00:10:33,240 --> 00:10:35,079 Speaker 3: go and buy a block of land and what someone 214 00:10:35,120 --> 00:10:39,480 Speaker 3: would say is appropriate value and build it and make money. Now, 215 00:10:39,679 --> 00:10:41,680 Speaker 3: if you can't make money, you just can't get finite 216 00:10:41,720 --> 00:10:42,280 Speaker 3: simple as that. 217 00:10:42,800 --> 00:10:46,400 Speaker 1: And so are you proposing free land well, whether it's 218 00:10:46,400 --> 00:10:47,920 Speaker 1: a lease or something. 219 00:10:47,960 --> 00:10:50,600 Speaker 3: Now, there was a very good report and I'm happy 220 00:10:50,600 --> 00:10:52,160 Speaker 3: to send it to you, done by the Property Council 221 00:10:52,200 --> 00:10:55,200 Speaker 3: of Australia in the last month, which talks about the 222 00:10:55,679 --> 00:10:58,320 Speaker 3: benefits of students where they spend over four thousand dollars 223 00:10:58,400 --> 00:11:00,800 Speaker 3: a month. So if you think, you know you get 224 00:11:01,080 --> 00:11:04,280 Speaker 3: another five thousand students who're spending five thousand dollars a month. 225 00:11:04,440 --> 00:11:07,280 Speaker 3: What that does to the economy Now, the government get 226 00:11:07,360 --> 00:11:10,320 Speaker 3: taxed and everything else. So we're happy to work with 227 00:11:10,360 --> 00:11:13,360 Speaker 3: a government on a to achieve it. 228 00:11:13,559 --> 00:11:16,280 Speaker 1: Yeah, so you're not necessarily not asking for a freebe 229 00:11:16,360 --> 00:11:18,520 Speaker 1: looking at maybe leasing the land or something like that 230 00:11:18,640 --> 00:11:18,960 Speaker 1: or something. 231 00:11:19,640 --> 00:11:21,760 Speaker 3: We're happy to sit down with a feasibility and see 232 00:11:21,760 --> 00:11:24,120 Speaker 3: what works, Katie. But if the government says, well we 233 00:11:24,160 --> 00:11:26,520 Speaker 3: don't want any accommodation, that's fine. 234 00:11:26,200 --> 00:11:28,400 Speaker 2: Well, and I know that down at the waterfront. 235 00:11:28,480 --> 00:11:30,640 Speaker 1: My understanding is that some of that land has been 236 00:11:30,679 --> 00:11:33,000 Speaker 1: provided to a commercial or it's been put out for 237 00:11:33,880 --> 00:11:36,520 Speaker 1: a tender process down at the waterfront to provide that 238 00:11:36,640 --> 00:11:39,760 Speaker 1: accommodation or a hotel down there. So I don't know 239 00:11:39,800 --> 00:11:42,280 Speaker 1: whether that sets any kind of precedent in terms of 240 00:11:44,040 --> 00:11:46,240 Speaker 1: you know, some kind of agreement being made. 241 00:11:46,440 --> 00:11:48,880 Speaker 3: Well, they were looking I think, and they did have 242 00:11:50,000 --> 00:11:51,679 Speaker 3: a six star hotel or going to put there I 243 00:11:51,679 --> 00:11:53,600 Speaker 3: think by land Bridge, but then COVID sort of. 244 00:11:53,640 --> 00:11:57,200 Speaker 2: Rule no, there's another one. Yeah, we're down at the waterfront. 245 00:11:57,360 --> 00:12:00,480 Speaker 3: I think we need some accommodation right the city. 246 00:12:00,600 --> 00:12:00,760 Speaker 1: Yeah. 247 00:12:00,840 --> 00:12:04,520 Speaker 3: Yeah, with the new charlest Up campus, you need accommodation 248 00:12:04,600 --> 00:12:07,480 Speaker 3: for students. You need accommodation for workers because there will 249 00:12:07,480 --> 00:12:10,360 Speaker 3: be clean as elbe Cook's LB security, So you need it. 250 00:12:10,559 --> 00:12:11,480 Speaker 3: You need it in the city. 251 00:12:11,559 --> 00:12:14,360 Speaker 1: Yeah. I guess I'm not getting at that land being 252 00:12:14,400 --> 00:12:16,960 Speaker 1: the land that's provided for student accommodation. But I suppose 253 00:12:17,000 --> 00:12:19,240 Speaker 1: what I'm getting at is that if they've gone into 254 00:12:19,240 --> 00:12:20,960 Speaker 1: some kind of or if they're set to go into 255 00:12:21,000 --> 00:12:24,040 Speaker 1: some kind of commercial arrangement with a developer for something 256 00:12:24,120 --> 00:12:26,520 Speaker 1: like a hotel, you would think that they'd be prepared 257 00:12:26,559 --> 00:12:28,840 Speaker 1: to go into some kind of negotiations when it comes 258 00:12:28,840 --> 00:12:30,319 Speaker 1: to student accommodation as well. 259 00:12:30,520 --> 00:12:35,040 Speaker 3: You would think, Yes, that sounds reasonable that I'm not 260 00:12:35,120 --> 00:12:37,680 Speaker 3: aware of any of it yet, and we're here quite regularly, 261 00:12:37,760 --> 00:12:39,440 Speaker 3: and I know the government's got a lot of issues 262 00:12:39,440 --> 00:12:43,560 Speaker 3: on I know that, but you know, just looking into 263 00:12:43,600 --> 00:12:47,240 Speaker 3: things and doing more research. Well, there's nothing under construction 264 00:12:47,280 --> 00:12:49,560 Speaker 3: for student accommodation, so whatever's happened in the past hasn't 265 00:12:49,600 --> 00:12:53,200 Speaker 3: been successful. So you know, the definition of stupidity is 266 00:12:53,480 --> 00:12:56,000 Speaker 3: to continue doing the same thing expect a different result. 267 00:12:56,679 --> 00:12:58,920 Speaker 3: Action needs to be taken well. 268 00:12:58,720 --> 00:13:01,920 Speaker 1: Warren Ebbittt, we really appreciate your time this morning, CEO 269 00:13:02,160 --> 00:13:04,760 Speaker 1: of Sentinel Property, Thank you so very much for coming 270 00:13:04,800 --> 00:13:06,640 Speaker 1: into the studio and having a chat with us. 271 00:13:06,720 --> 00:13:08,600 Speaker 3: Terrific Katie look forward to doing it at anytime. 272 00:13:08,640 --> 00:13:08,880 Speaker 1: Thank you.