- The asset management firm is focusing on alternative real estate sectors
- This childcare centre is the first in a number of social infrastructure partnerships
- The centre is located on the ground floor of Jameson's B.E. Apartments development
Independent asset management firm Jameson Capital has announced the completion of a childcare centre in alight with its current focus on alternative real estate sectors.
The project is located within Jameson’s $60 million residential development in Brunswick East and was funded by a Jameson Capital managed fund.
The centre is fully leased to international educators HEI Schools whose teaching style takes inspiration from Finland’s famous education system. Due to open in the second quarter of 2022, the centre will offer 50 spaces across kindergarten and preschool.
Jameson Capital was founded in 2015 and specialises in real estate, private equity and private credit. More recently it has pivoted to focus on ‘alternative’ real estate sectors such as social infrastructure.
The child care centre is first among a number of partnerships on the horizon for Jameson Capital.
Jameson Capital co-founder and Director Nick Browne believes investment in childcare is a financially beneficial decision.
“Investors are increasingly seeing childcare assets to be attractive defensive investments with long-term leases and strong returns, and the pandemic has also proven that they are less exposed to volatile price fluctuations during crises.”
Mr Browne explains that government support in the childcare sector is a factor instilling greater confidence for investors and tenants.
“Financially, it makes a lot of sense for both Jameson Capital and investors alike. Childcare is an area we have our eyes set on, and this is just the first of several childcare assets Jameson Capital will be involved in.”
Nick Brown, Jameson Capital
The childcare centre is located on the ground floor of Jameson Capital’s eight-storey residential development, B.E. Apartments. Located on Brunswick Road in Brunswick East the development comprises 88 apartments.
Mr Browne believes that there is a gap in the neighbourhood market for child care.
“The young, gentrified area of Brunswick East already has an abundance of cafes and hospitality venues, but there is a shortage of childcare in the area. This was the key driver in choosing to develop a childcare centre on the ground floor.”
“We also know that investment in this sector offers a multitude of social benefits in enabling parents to return to the workforce sooner and providing affordable childcare to the community.”
B.E. Apartments features five urban murals from artist Ghostpatrol. The commissioned pieces adorn the building’s facade, foyer and communal areas. National architecture, interiors and urban design practice Rothelowman are responsible for the building’s design.
The ground-floor childcare project was funded by a Jameson Capital managed fund, and is aiming for a rate of return over 20% gross on the capital invested.
“We look forward to partnering with more education providers to create this much-needed social infrastructure.”