Accord Property have elected to divest one of their highest quality childcare centres. The recently complete Guardian Early Learning Centre is positioned at 88 Potts Road, Langwarrin and is the operators second within the suburb.

The single level property features a license for 110 places and sits on a landholding of 2,625sqm with a 20 year initial lease term to 2044 plus further options.

CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto are managing the expressions of interest sales campaign on behalf of Accord.

This transaction looks to continue the teams impressive run of childcare centre sales activity with 9 centres divested across VIC/SA/WA so far in 2024. 

Chris Ling Development Director at Accord said “The site was strategically selected by the team given the heightened demand for childcare within the immediate catchment.

"Population growth and a demographic of concentrated younger families has seen all existing services in the area performing exceptionally well. The most immediate datapoint reflects over 3,000 enrolments across 5 primary schools, all within 3km*.

Sandro Peluso said “Sophisticated investors are looking beyond short term yields and the immediate cost of debt to recognise the incredible short term buyside opportunity which has existed in the marketplace.

"The reality is these higher yielding opportunities have all but been removed from the market with the last few months of sales completed by the team seeing consistent yield compression across the country.

Given the strength of covenant associated with this service and it’s coastal location we expect the property to attract interest from both local and international buyer profiles be it individual or syndicated capital.”

Marcello Caspani-Muto added “Guardian feature 170+ centres across the country and this number is growing rapidly. They are owned by Partners Group who are one of the globes most active private equity investment firms and have over 147 billion USD under management.

"As a result Guardian leased assets are considered some of the most prestigious in the early learning market and for good reason.”

The property will be publicly listed for sale in early June and is set to be sold via Expressions of Interest.

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