Melbourne – October 14, 2021 – The largest publicly marketed Australian early learning investment portfolio in recent history has sold to Home Consortium’s ASX listed HealthCo Healthcare & Wellness REIT (HCW) for $98 million following a highly competitive Expressions of Interest campaign.
The portfolio comprises 12 premium childcare centres located in Victoria and Western Australia developed by Allaf Property, Australia’s leading childcare centre and specialty assets developer. A broader partnership between Home Consortium and Allaf Property will also see a strong pipeline of new assets delivered.
Ayman Allaf, Managing Director of Allaf Property said, “We are delighted that Home Consortium has invested in Allaf Property’s portfolio of premium childcare centres. We pride ourselves on delivering customised end to end projects to the highest standard.”
Allaf Property is one of Australia’s most progressive developers of specialised assets, renowned for its client focus, collaborative style and high-quality project outcomes.
HCW Chair, Joseph Carrozzi said, “We are pleased with these quality acquisitions, which are consistent with HCW’s investment strategy and will substantially increase the scale and diversification of the portfolio. As the only ASX-listed diversified healthcare REIT, HCW is uniquely positioned to capitalise on the significant investor and tenant demand for high quality healthcare real assets.”
Sandro Peluso, Jimmy Tat and Marcello Caspani Muto of CBRE’s Australian Healthcare and Social Infrastructure team negotiated the sale on behalf of Allaf Property.
CBRE’s Mr Peluso said, “There has been unwavering demand for premium early learning property investment opportunities, even during times of economic uncertainty. The performance of the asset class and the opportunities for long-term capital growth are generating strong investor demand, as highlighted by the interest received in the Allaf Property portfolio from local and offshore buyers.”
