Following a busy two week Lunar New Year period in Australia, the Stonebridge Property Group team have transacted the Niño Early Learning Childcare in Ashburton to a first time investor from Hong Kong. The childcare centre was sold prior to the close of the campaign for $10,795,000, which represented strong outcome for the vendor being over $80,000 per place.

The Stonebridge Property Group team have now transacted 3 out of the last 4 childcare’s over $10 million in Victoria.

Commenting on the sale, Stonebridge Asia Practice Partner said; “The eventual purchaser was an investor from Hong Kong our team had been dealing with over several months, and given they were traveling through Melbourne during the Lunar New Year period it was perfect time to get them engaged on the asset”

The Nino Childcare in Ashburton was built in 2018 spread of 1,683 sqm* landholding, leased to Niño Early Learning Adventures for 134 places. The Stonebridge Property Group team Kevin Tong and Rorey James were handling the transaction.

“This transaction comes off the back of two (2) weeks of Lunar New Year celebrations in which our team hosted several events and meetings. Our annual Lunar New Year event hosted over

130 attendees (mainly Asian investors) and the overall sentiment and feedback from the offshore buyers remain positive with many of these groups cashed up and eager to buy. Note that this buyer pool represented 56% of all the Childcare centres we sold in Victoria over the last 12 months.” Added Mr. Tong

Stonebridge National Portfolio Partner, Rorey James, added; “We have seen a resurgence of market sentiment from both investors and vendors across recent weeks, with this sale being a promising sign for what we believe will be a highly transactional year. While the yield for the property was influenced by a higher rent and an upcoming market review, the sale should provide the market confidence of the continued for Victorian childcare assets.”

This transaction is the latest in a series of successful childcare sales by Stonebridge’s Asia Practice to Asian capital.

Table of Stonebridge Childcare Transactions to Asian Investors (below - Source Stonebridge Property Group)

State Suburb Tenants Sale Price Sale Date

• VIC Ashburton Nino Early Learning $10,795,000 Feb-25
• VIC Heathmont Grow Early Education $12,016,668 Nov-24
• VIC Frankston Explorers Early Learning $7,500,000 Oct-24
• QLD Mudgeeraba Reedy Creek Child Care $2,250,000 Sep-24
• VIC Seaford Nido Early School $6,500,000 Aug-24
• NSW Box Hill Young Academics $12,200,000 Aug-24
• VIC Essendon Guardian Childcare $9,000,000 Apr-24
• QLD Carseldine Journey ELC $9,836,666 Jun-24
• QLD Caboolture Eden Academy $7,770,000 Apr-24