With six seed assets in hand and another 12 in due diligence, the Australian Unity Childcare Property Fund aims to expand to $250 million within three years.
Wealth manager Australian Unity is making its first foray into the childcare sector, launching this month a new fund, seeded with six facilities worth $30 million, with another 12 centres in due diligence.
“Childcare centres are growing in investor popularity, with the sector enjoying strong bipartisan support,” said Ryan Banting, general manager for social infrastructure at Australian Unity. Further consolidation in property ownership is expected, with the two largest childcare landlords, both ASX-listed – Charter Hall Social Infrastructure Fun and Arena REIT – owning just 7.5 per cent of the market.
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