The largest publicly marketed Australian early learning investment portfolio in recent history has sold to Home Consortium’s ASX listed HealthCo Healthcare & Wellness REIT (HCW) for $98 million following a highly competitive Expressions of Interest campaign negotiated by Sandro Peluso, Jimmy Tat and Marcello Caspani Muto of CBRE’s Australian Healthcare and Social Infrastructure team on behalf of Allaf Property.

The portfolio comprises 12 premium childcare centres located in Victoria and Western Australia developed by Allaf Property, Australia’s leading childcare centre and specialty assets developer. A broader partnership between Home Consortium and Allaf Property will also see a strong pipeline of new assets delivered.

Ayman Allaf, Managing Director of Allaf Property said, “We are delighted that Home Consortium has invested in Allaf Property’s portfolio of premium childcare centres. We pride ourselves on delivering customised end to end projects to the highest standard.”

Allaf Property is one of Australia’s most progressive developers of specialised assets, renowned for its client focus, collaborative style and high-quality project outcomes.

HCW Chair, Joseph Carrozzi said, “We are pleased with these quality acquisitions, which are consistent with HCW’s investment strategy and will substantially increase the scale and diversification of the portfolio. As the only ASX-listed diversified healthcare REIT, HCW is uniquely positioned to capitalise on the significant investor and tenant demand for high quality healthcare real assets.”

CBRE’s Mr Peluso said, “There has been unwavering demand for premium early learning property investment opportunities, even during times of economic uncertainty. The performance of the asset class and the opportunities for long-term capital growth are generating strong investor demand, as highlighted by the interest received in the Allaf Property portfolio from local and offshore buyers.”

Sandro Peluso, Jimmy Tat and Marcello Caspani Muto of CBRE’s Australian Healthcare and Social Infrastructure team negotiated the sale on behalf of Allaf Property.

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CBRE Australian Healthcare and Social Infrastructure team are also offering three new premium Nino Early Learning centres for sale.

The three brand-new Nino Early Learning Adventures centres in Melbourne, two of which that are yet to open, have been listed for sale in an early learning portfolio set to attract in excess of $30 million.

The sites in Mickleham, Craigieburn and Ivanhoe represent only the second childcare centre portfolio to hit the market in 2021, and arrive amid a flurry of investment activity and record-low yields in the sector.

CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto are taking the sites to market, with Expressions of Interest invited before November 18.

The Mickleham site, at 2 Whiteleaf Drive, opened this week on a 2,499sqm site just off Donnybrook Road, while the Craigieburn (1,798sqm at 162 Elevation Blvd) and Ivanhoe (1,003sqm at 27 Livingston Street) properties are currently under construction and set to open in February 2022.

The portfolio offers a combined annual rental income of approximately $1,550,000 and is expected to capture the interest of high-net-worth private investors, syndicates and institutional investors who have been increasingly active in the market of late.

“Childcare centres have become the new bank; COVID- and recessionary-proof in terms of avoiding disruption, heavily subsidised by the Commonwealth and featuring long leases with built-in increases,” Mr Peluso said.

When they open next year, the centres at Craigieburn and Ivanhoe will take Niño Early Learning Adventures’ tally to 16 across Melbourne.

“The Nino brand is one that has been highly sought after by investors since the beginning of mainstream investment in the sector in 2017,” Mr Tat said.

“The build quality and experience of the business operation is as good as any within the sector, while the locations are always strategically selected and supported by demographic research to support the long-term viability of the investments.”

The CBRE team has managed Nino Early Learning’s past 12 centre sales, dating back to 2017, with a combined transaction value of more than $200 million to a mix of local and international parties.

To request a list and sales analysis of previous Nino Early Learning transactions (All Sold via CBRE) please contact one of the CBRE agents via the below contact forms. 

“The underlying strength of the childcare-centre market has always been clear, however as time has passed and more press has circulated, a greater proportion of buyers are appreciating its stability,” Mr Peluso added.

“The speed of this was catalysed by the events of the past two years, which is why we are seeing such strong market activity at the moment.”

To request a copy of the Information Memorandum please contact one of the CBRE marketing agents via the contact details below.