Trio tower offers prime location for childcare facility

An opportunity to secure a lease in the high-rise Trio tower development is part of a growing trend in the childcare market, according to Sandro Peluso who leads CBRE’s Australian Healthcare and Social Infrastructure team.

“There was a time when many operators wouldn’t consider opening childcare centres in a high-rise but this attitude is rapidly shifting as a result of improved operational efficiencies and reduced land availability in metropolitan locations,” Mr Peluso said.

The leasing opportunity is being managed by Sandro Peluso, Jimmy Tat, and Marcello Caspani-Muto.

Mr Tat said, “Building on the success of the childcare centre lease in the residential high-rise SKY SQR, which secured $5,100 per place within just three months through a competitive bidding process, multi-level childcare centres have emerged as a growing trend among operators. This shift is largely due to recent increases in land and construction costs. The Trio childcare centre is set to be the next chapter in this evolving landscape.”

Located within the prestigious Trio mixed-use development at 845-851 Whitehorse Rd in Box Hill, the state-of-the-art childcare facility on levels 5 and 6 of Tower 2 offers a prime location in a vibrant community of young families.

Mr Peluso said the leasing opportunity is perfect for operators looking to expand their business or establish themselves as leaders in childcare services in one of Melbourne's most diverse, high-growth, and sought-after locations.

“Box Hill has emerged as one of the largest commercial, economic, and cultural precincts outside of Melbourne's city centre, making this an unparalleled opportunity for childcare providers.

“Trio is located strategically adjacent to Eastern Health and Box Hill Institute. Once completed, the childcare centre will provide convenience for local employees and has already received support from the neighbourhood,” he added.