Centuria Bass is pleased to announce the funding of a specialised childcare asset in the prestigious suburb of Red Hill, ACT approved for 120 childcare places. This facility was part of a multi-asset packaged finance solution, advancing funds to complete landscaping and construction fit out works. Located within 1km of the highly regarded Canberra Grammar School, the centre is well-positioned to attract families seeking quality childcare services. The loan is underpinned by a secured lease agreement with a national childcare operator, and has been on-sold pending completion of works.

The supply of childcare assets has been limited over the past 12 months due to escalating construction costs, rising land values, and a restricted number of long-day care place approvals. Consequently, demand for established centers has surged, leading early education assets to perform strongly during this period. Centuria Bass is excited to expand its lending into alternative real estate assets.