Local Investor Snaps Up Brand-New Childcare Centre

4 July 2025
Property at 230 Saltlake Boulevard Wollert

A brand-new childcare centre located in the Melbourne suburb of Wollert has been purchased by a Melbourne-based investor following a competitive bidding process.

CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto managed the sale of 230 Saltlake Boulevard via an International Expressions of Interest campaign.

Situated on a 2,239 sqm corner parcel of land, the architecturally designed 80-place centre is secured with a 10-year lease, with options to 2065, to Leading Edge Early Learning.

ā€œThe property saw strong bidding, with four offers received from both domestic and international investors. With market sentiment shifting and economic indicators pointing toward a rebound, savvy investors are moving decisively to lock in value while conditions remain favorable,ā€ Mr Peluso said.

Mr Tat noted that throughout the campaign, over 80 enquiries were received from local investors and investors across Asia.

ā€œOne of the main appeals was the location of the property, which is strategically positioned near major residential and commercial developments that are expected to accommodate an additional 35,000 – 40,000 residents in the coming decades. Additionally, compared to the average childcare demand ratio of 2.7 to one in Victoria, Wollert exhibits an unprecedented ratio of six to one,ā€ Mr Tat added.