Old, new Melbourne childcare centres secure tenants

Also today we are reporting Singapore’s Kinderland leased a Box Hill facility.

Two northern suburb childcare centres – one developed in 1999 and the other, under construction, have found tenants.

The Mernda facility, under construction on 8000 square metres.

In Mill Park, 18 kilometres from town, a 1760 square metre facility at 156 Centenary Drive (pictured, top) has found favour with Little Stars Early Learning and Kinder, which offers age 6-plus services.

The initial lease term is 10 years, with multiple options.

The already modern building will now be further upgraded with a repaint, new floors and lighting.

The property also contains 19 car parks.

Little Stars will replace Goodstart Early Learning, which consolidated to Centenary Drive from two locations.

It will be the group’s first northern complex; it trades at Cranbourne, Endeavour Hills and Noble Park, in the south east, and Melton, in the west, too.

The business also controls a Shepparton facility.

Mernda pre-commitment

Meanwhile at Mernda, Happy Sprouts Learning has pre-committed to a 127-place facility under construction at 1325 Plenty Rd – part the old Mernda Primary School and before that, Plenty State School (story continues below).

The Mernda facility, licensed for 127 children.

The tenant is paying starting annual rent of $531,000, or $4181 per child, for the 1781 sqm complex (of which 1162 sqm is internal area).

The site spreads 8000 sqm, with some c3000 sqm acting as another play area, or camping zone, in a growth corridor suburb, 26km north of town.

Happy Sprouts Learning is also set to open a Beveridge facility, at 8 Malcolm St (37km north of the CBD), to accompany its established centre at Craigieburn (25km).

Year of the childcare centre lease

CBRE Healthcare and Social Infrastructure’s Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto were the Mill Park and Mernda agents.

The same brokers also this week secured Singapore’s Kinderland to Golden Age Group’s $435m Sky Square, at Box Hill.

Earlier this month, meanwhile, they listed for lease a penthouse childcare centre, once an Australian Taxation Office tenancy, in north west Moonee Ponds, behind the Puckle St retail strip.

The 6-22 Gladstone Street tower, with CBD view security, was purchased for $126m last year by Sydney’s Marshall Investments, then refurbished and rebranded MPHQ.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.