CBRE Sell circa $115m worth of Premium Child Care Centres


CBRE Sell circa $115m worth of Premium Child Care Centres

Melbourne, 8 May 2021 – A premium early learning investment in the high growth Melbourne suburb of Lalor has transacted via CBRE’s Healthcare & Social Infrastructure team marking near $115,000,000 worth of premium child care transactions leased to Nino Early Learning, conducted by group since 2017.

The team comprising of Sandro Peluso, Josh Twelftree, Jimmy Tat & Marcello Caspani-Muto most recently concluded the transaction at, Level 1, 53 Mosaic Drive (Mosaic Village) Lalor representing a first floor strata facility. 

The investment featured 15-year lease Nino Early Learning Adventures to 2033 plus options to 2048 and was located the Mosaic Living Estate, a fully developed 650 lot estate with an expansive Baptcare Aged Care Facility and Retirement Living Community, 28km* north of the Melbourne CBD.

CBRE’s Sandro Peluso said; “This is the 13th consecutive Nino Early Learning Adventures sale handled by our team. The lease covenant is always well received by investors as are most premium early learning offerings, meaning an established proven with multiple centers and a proven track record of success. “

Nino Early Leaning Adventures are currently located in Ashburton, Blackburn North, Bundoora, Elsternwick, Footscray, Ivanhoe, Lalor, Malvern East Melton, Mickleham, Montmorency, Newport, Point Cook, Preston and Saratoga Estate (Point Cook).

“This child care sale represented a unique price point of $4m+ and as a result drove increased enquiry above and beyond a number of more traditional offerings which can fall anywhere north of $6m, this really meant the opportunity fell within a wider spectrum of investors capacity’s. It is rare to see a childcare centre at this price point come to the market with such a quality operator”. Mr Twelftree said.

The Lalor Centre sold for an undisclosed price which reflected a yield of circa 6%. A full list of the Nino child care centres sold since 2017 by the team can be seen below in addition to a combined analytics review.


CBRE's Nino Child Care Sales
No. of Centres Sold12
Total Sales Volume ($)$114,940,000
Price Range$4,500,000 - $16,900,000
Average Price$9,578,000
Average Yield5.55%
Clearance Rate100%


Recent Nino Child Care Sales Results (Excluding 53 Mosaic Drive, Lalor) - CBRE

Address

Sale Price

Rental p.a

Buyer Nat.

Yield

103-107 Koonung Rd, Blackburn North

$9,280,000

$498,000

International

5.36%

356-358 Warrigal Rd, Ashburton

$10,600,000

$603,000

International

5.68%

11-15 Chadstone Rd, Malvern East

$16,900,000

$711,000

International

4.20%

31 Nepean Hwy, Elsternwick

$11,300,000

$675,000

International

5.97%

282-288 Geelong Rd, Footscray

$11,500,000

$675,000

Domestic

5.80%

60 Florey Ave, Point Cook

$10,000,000

$511,000

Domestic

5.11%

519 Melbourne Rd, Newport

$8,100,000

$520,000

International

6.40%

1-7 Reserve Road, Melton

$7,000,000

$392,000

Domestic

5.59%

459 Brookfield Blvd, Mickleham

$6,350,000

$420,000

Domestic

6.60%

222 Plenty Rd, Bundoora

$8,900,000

$582,000

International

6.50%

365 Bell Street, Preston

$11,000,000

$488,000

Domestic

4.40%

International 

Domestic

6 groups

5 groups

55%

45%

Avg Yield

Avg Yield

5.68%

5.50%

 

 

 

 

 


About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.


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