Colliers International has launched a national public campaign to sell off the Clever Investments portfolio.
Properties in the portfolio are to be auctioned in a staggered campaign commencing this week with Auctions scheduled for late March.

Tim Grant, Colliers International Associate Director of Investment Sales and Victorian State Coordinator of the portfolio, said the national portfolio had been branded Clever Investments, reflected the properties long term ‘triple net leases’ secured by way of bank guarantees, annual rent reviews, tax depreciation benefits, as well as large land areas that provide underlying residential land values (STCA). Investors now recognise the upside in this formula which is underpinned by the level of government support of operators.

“The properties provide an institutional grade investment opportunity, with an entry level price [into the commercial property investment market] and attractive yields. It’s unusual to find a mix of these strengths at this price level,” he said.

“As such, we believe properties will attract strong competition amongst potential purchasers during the auction campaigns.

According Jeff Dolan, Colliers International Associate Director of Special Projects and Queensland State Coordinator of the portfolio, while the resilience of the childcare sector was tested in 2009, it emerged with flying colours.

“With strong population growth and historically low levels of unemployment, the importance of childcare to the wider community can’t be underestimated. It’s easy to see why the sector is supported by the Federal government through childcare funding – childcare is now the cornerstone to providing a source of labour and as a means of preschool education. We’ve already sold six properties which is testimony to that.”

“The childcare sector is going to continue to be in high demand over the coming years thanks to Australia’s growing population, an improving economy and high levels of employment will underpin that”, he said.

Government studies indicate that for every dollar spent on childcare returns approximately $8.11 as a total economic benefit and also returns approximately $1.86 in taxes to the Federal Government.

The centres are being offered for sale individually, with auctions scheduled to commence on Wednesday 24 March in New South Wales and Western Australia.

Tags: childcare sector, clever investments, investment opportunity, public campaign