Inspiring Minds Early Learning, a high-quality boutique provider of early learning services, has leased a newly developed Footscray childcare centre, amid an under supply in childcare services across the Melbourne city fringe.

Located at 102 – 104 Gordon Street, the childcare centre is due for completion in 18 months' time and will have an annual passing income of $600,000 per annum and was leased at a rate of circa $5,000 per place.

CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto negotiated the lease after a four-week Expression of Interest campaign.

“The childcare industry plays a vital role in nurturing the future generation. It is a resilient and growing sector that continues to attract attention from operators and investors alike. There is a true flight to quality between providers for early learning services, with future supply opportunities becoming few and far between,” Mr Peluso said.

“Inspiring Minds Early Learning strategically selected the property after demographic research factoring in areas of undersupply in the sector."

Mr Tat added, “This leasing deal is the sixth for our team in 2023, which demonstrates the positive trajectory of the industry and the current operator confidence."

“Inspiring Minds Early Learning is set to deliver an outstanding childcare facility that will cater to the needs of families in the local community for years to come.”

To request further information please contact the leasing agents from CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto via the below contact details. 

Click here to read article on Retalk Asia:  Life sciences real estate reaches 100 million sq. ft. with major hubs like Shanghai, Beijing, Tokyo, Singapore, and Melbourne; US$18 billion of funds has been raised to invest in life sciences real estate.

Sign up here to receive COMMO newsletters and breaking news sent straight to your inbox.

Related Reading:

Childcare dominates new year with CBRE brokering 7 deals in 30 days

Highly rated AMIGA Montessori Centre business for sale by CBRE 

Brand-new Medical Centre for lease in Victoria’s Highest Growth Municipality by CBRE 

Two WA childcare centres sold to Australian Unity $13.495 m through LJ Hooker Commercial Perth 

Portfolio of Victorian regional childcare centres for lease by CBRE Healthcare & Social Infrastructure team 

Five childcare development sites sold in 30 Days as demand skyrockets - Ray White 

Click here to read other Medical Real Estate News