Childcare centre leasing opportunity in regional residential development

The opportunity to secure a lease for a planned childcare centre in the northern Geelong suburb of Corio, is expected to attract significant interest from childcare operators looking to get a foothold in one of Australia’s fastest growing regional cities.

Positioned in the heart of Edenville residential estate developed by Sivasli Group, the centre will be located at 26-34 Sharland Road which is prominently located at the entrance to the new estate

Designed by Architecton, the centre will accommodate 124 childcare places and feature a bespoke fit-out for the incoming early learning provider across 1,771 sqm of building area.

CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto are managing the leasing process via an Expressions of Interest campaign.

Greater Geelong is among Australia’s fastest growing regional centres with a population estimated at 282,000 and set to reach 400,000 by 2041.

Mr Tat noted childcare centres located within residential estates tend to have outstanding occupancy rates because of increased visibility and accessibility to families.

“What truly sets Corio apart is the absence of other childcare development applications within the catchment area, making it a unique and highly attractive option for operators,” Mr Tat said.

“With over 1,100 children expected to be born and move into the area over the next five years, we anticipate the demand-to-supply ratio will reach 4.3:1—a level that is widely considered very favourable for operators,” Mr Tat added.

Mr Peluso said, “Opportunities to develop childcare centres within residential estates are rare but, given the highly favourable demographics and strong demand in Corio, the vendor has decided to pursue a childcare development. We expect significant interest from established local childcare providers as well as new entrants looking to break into the suburb, given the robust demand and limited competition in the area.”