Childcare

Two new childcare centres have been leased in Victoria as operators continue to hunt for well-located Melbourne sites.

ASX-200 listed Centuria Capital Group has achieved above prior book value sales premiums for two urban assets in Sydney and the Gold Coast, respectively, which reflect strong demand for well located commercial real estate benefitting from urban regeneration and in close proximity to housing, schools and universities.

CBRE’s Australian Healthcare & Social Infrastructure team has been appointed for the second year running as the exclusive commercial real estate partner of Australian Childcare Alliance Victoria.

Australia’s childcare centre market is poised for growth in 2023, with increased government investment, growth in the nation’s younger population and expected industry consolidation creating a positive outlook for the asset class, a new report shows.

A major Victorian childcare investment, the first to hit the market this year, is up for sale in a location that couldn’t be hungrier for such a facility.

Three high exposure development sites in Ashwood, Chelsea and Mitcham are up for sale each with permit approval for a premium child care facility.

JLL has sold a Croydon development site with an approved child care centre for $2.8 million on a short 30-day settlement.

Arena REIT (Arena) has today announced a net operating profit for the half-year ended 31 December 2022 of $29.9 million, up 8.6% on the pcp.

An 86-place childcare centre development site with planning approval is being offered for sale by the JLL Healthcare & Life Sciences team and is expected to fetch interest around the mid-$1million mark.

Purpose-built Melbourne childcare centre AMIGA Montessori has been listed for sale as the industry experiences high levels of investor demand.

Strong macroeconomic drivers continue to support the Australian Early Learning Centre (ELC) sector with Arena REIT benefiting from strong rental growth.

A Childcare centre in a coastal southern Adelaide suburb has sold for $6.01 million.

A new childcare centre is destined to open in Brookwater, in the fast-growing region west of Brisbane, following the sale of a development site adjoining the Brookwater Village Shopping centre.

A premium, brand-new childcare centre in Pascoe Vale in Melbourne’s north has been pre-leased to highly-successful operator Guardian Childcare & Education.

Childcare centres remain one of the most sought after commercial investments, particularly for private investors, with over $38 million of recent sales brokered by Stonebridge Property Group’s Tom Moreland, Michael Collins, Rorey James, Kevin Tong and Thomas Proberts.