A premium early learning centre designed by Point Architects has been leased off the plan by CBRE’s specialist Healthcare & Social Infrastructure team making it their third leasing transaction in as many months in 2021. The team comprises Sandro Peluso, Josh Twelftree, Jimmy Tat and Marcello Caspani-Muto.

Positioned in the blue-chip suburb of Bentleigh, 58 Patterson Road features industry leading design with construction set to commence in the coming months.  Designed by Point Architects, specialists within the early learning space, the centre will also feature basement parking for 27 vehicles.

To be developed by George Babatsias of Jet Oil Pty Ltd the family owned petroleum business has held the site for over 20 years and will be transforming it into a brand-new state of the are early learning hub. The company based out of Hughesdale generates an estimate of $9.67m in sales (USD),

“The centre add to a number of high quality early learning offerings in the area. However, despite other established centres long-term demand trends The City of Glen Eira remain strong.” Mr Peluso Said

“This is now one of multiple child care centres we have leased to Inspire Early Learning who’s brand continues to grow a rapid yet sustainable pace. Their Montessori teaching style has been highly popular amongst families over multiple years and this is reflected in their strong overall occupancy rates and differentiated service offering.

Mr Tat added “Demand remains incredibly strong within the child care leasing market for well researched and selected locations. Long gone are the year where anyone could by a site in the growth corridors of Melbourne, get a planning permit and look to lease or even sell for a premium. Sites need to be well researched and selection supported via a details demographic assessment and paired with experienced design and architecture within the sector. Well identified metro Melbourne locations with strong demand or market gaps will paired with a relevant and experienced database will attract the highest quality providers possible for any development.”

Incoming child care provider Inspire Early Learning led by Stephan Yang said “ The team at Inspire are excited by the prospect of bringing another high quality centre to Bentleigh, but particularly one which focuses on the provision of learning under the Montessori framework.”

The centre will be permitted for 124 places with an annual commencing rental of $540,000p.a across a total building are of 869sqm*.

To request a detailed analysis of the lease please email either of the CBRE agents via the below contact form. 

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