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Written by Marc Pallisco
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Thursday, 25 February 2010 12:49 |
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THE ASX-listed Australian Education Trust, controlled by Austock, will sell a portfolio of 30 child care centres across Australia.
The centres will be sold with an average 10 year lease, according to a statement issued by Colliers International, and will be auctioned in a staggered campaign starting late next month.
Colliers International said “the properties provide an institutional grade investment opportunity, with an entry level price [into the commercial property investment market] and attractive yields.”
Queensland State Coordinator and Associate Director of Special Projects Jeff Dolan said: “With strong population growth and historically low levels of unemployment, the importance of childcare to the wider community can’t be underestimated. It’s easy to see why the sector is supported by the Federal government through childcare funding - childcare is now the cornerstone to providing a source of labour and as a means of preschool education.“
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