CBRE Continues to Be the National Childcare Leadings – Dominating the Last 12 Months of Transactions with Another Circa 5.5% Sale
19 May 2025
CBRE have continued their dominance in both the national childcare market and sale of Nino leased childcare centres with their most recent announcement the sale of 59-61 Para Road, Montmorency for a yield of close to 5.5%.
The sale continues to defy the broader market with most agents struggling to transact centres for yields below 6% in Victoria. The CBRE Australian Healthcare and Social Infrastructure team have now transacted 95% of all Nino leased centres since 2017 (or 16/17 total sales). A full list of these can be seen in the appendix.
The team of Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat sold the Montmorency centre via an expressions of interest campaign to Singaporean investors based out of NSW. The property was close to 5 years old with just under 10 years remaining on its initial lease term.
The property was previously marketed by a competing agency circa 12 months ago but failed to sell or draw any real bids at auction.
Jimmy Tat said “Given the lease structure in place, the campaign required a more detailed buyer education process where we had to sit down and run investors through the demand across the catchment, average daily fee rates and more. This also mean explaining how we felt the service was underrated and that if the tenant was to ever leave this would be a benefit to the purchaser given it’s strong re-leasing potential and a likely higher rental. This was never a major concern in our view give the quality of the Nino operation.
We continue to see a strong return to investment from international capital across the country. The majority of our sales are occurring across states to locally based buyers who generate their wealth from Asian based business sources. This means QLD based investors are buying in NSW and VIC while we see VIC based buyers purchasing in the opposite states.”
Marcello Caspani-Muto said “While all Nino operated centres historically perform to some of the highest standards in market, the subject property was well located within a position that captures demand from multiple surrounding suburbs outside of just Montmorency. However, the lease was somewhat extra ordinary as there was not security deposit in place with the company an SPV meaning there was no true security behind the income stream.”
The property transacted for a final sales price of $7,500,000 reflecting a yield of circa 5.5% after the deduction of land tax.
Previous Nino Early Learning transactions (All Sold via CBRE)
| Address | Sale price | Buyer origin |
| 27 Livingston Street, Ivanhoe | $13,933,000 | A-REIT |
| 2 Whiteleaf Drive, Mickleham | $10,357,000 | A-REIT |
| 162 Elevation Blvd, Craigieburn | $10,006,000 | A-REIT |
| 103-107 Koonung Rd, Blackburn North | $9,280,000 | International |
| 356-358 Warrigal Rd, Ashburton | $10,600,000 | International |
| 11-15 Chadstone Rd, Malvern East | $16,900,000 | International |
| 31 Nepean Hwy, Elsternwick | $11,300,000 | International |
| 60 Florey Ave, Point Cook | $10,000,000 | Domestic |
| 519 Melbourne Rd, Newport | $8,100,000 | International |
| 1-7 Reserve Road, Melton | $7,000,000 | Domestic |
| 459 Brookfield Blvd, Mickleham | $6,350,000 | Domestic |
| 222 Plenty Rd, Bundoora | $8,900,000 | International |
| 365 Bell Street, Preston | $11,000,000 | Domestic |
| 282-288 Geelong Rd, Footscray | $11,500,000 | Domestic |
| Mosaic Village, Lalor | $4,596,000 | Domestic |
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