Investors outlay $59.6m on 11 childcare centres

The four storey Brisbane City Childcare Centre sold for $10.15m.

Investors spent $59.6 million on 11 childcare centres last week.

The best performing asset in terms of yield was in Raymond Terrace, north of Newcastle.

A four-level Brisbane CBD complex – on 816 sqm – was the priciest, achieving $10.15m.

The deals come a week after Assembly and Harrington paid $42.95m for a portfolio of six child minding assets – all in Sydney’s north west.

Eleven childcare centres collect $59.6m

The only New South Wales asset – Lakeside Creative Minds ELC & Preschool at 89 Benjamin Terrace in Newcastle’s Kelso – traded at the lowest net return – 4.67 per cent (story continues below).

It was one of four childcare asset deals Cushman & Wakefield were responsible for – the others are at Parkes (ACT), and in Queensland, in Brisbane’s Taigum and the Gold Coast (Coomera).

Burgess Rawson offloaded four as part of a bulk auction event last week – two of these were in Victoria including 57-59 Stud Rd, Dandenong, which achieved $7.63m, and 24 Glenelg Drive in Bendigo’s Maiden Gully ($3.95m).

CBRE Social Infrastructure and Healthcare sold a Story House Centre backed property at 1 Whitford Way, Doreen, for $7.375m – a five pc yield.

The agents were Sandro Peluso, Josh Twelftree, Jimmy Tat and Marcello Caspani-Muto.

Eleven Australian childcare centres sold last week. The Quinn Rocks asset traded prior to auction.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of