waterlea childcare
The childcare centre can cater for up to 136 children. Image Supplied.
  • 136-place childcare centre is located at the front at of the Waterlea residential estate
  • Peak Equities paid $5.2 million for the facility
  • Sales campaign received over 40 enquiries

A 136-place childcare centre located at the entrance of the Waterlea residential estate has been sold to a Melbourne-based syndicator.

Peak Equities paid $5.2 million for the facility at 7001 Muller Road, Walloon.

The sales campaign – which attracted over 40 enquiries – was managed by Darren Collins and Sebastian Fahey of CBRE

Mr Collins said the sale highlights investors confidence in the sector.

“Investor confidence in childcare-tenanted assets has remained high due to government support for the sector during the early stages of the COVID 19 pandemic.”

“Across the board, we’re continuing to field strong local and interstate investor interest in well-leased commercial property investment opportunities in identified Queensland growth corridors.”

Darren Collins, CBRE

CBRE was also responsible for the sale of developer Wild Mint Group’s ‘The Markets’ Flagstone integrated retail, fuel and medical centre, which is located near the childcare centre, highlighting the growth surrounding the emerging area.

“The area’s growth prospects coupled with the property’s strong 15-year tenancy covenant were key drivers of buyer interest, with LEAD operating 17 market-leading childcare centres across Queensland.”

Sebastian Fahey, CBRE

Once fully completed, the Waterlea residential estate – located near RAAF Base Amberley – will comprise approximately 2,000 homes.

Adjacent to the childcare centre is the Market Hall retail facility, whose sales campaign will also be managed by Mr Fahey.




You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.