Childcare centre deal was clearly in class of its own

Childcare centre deal was clearly in class of its own. 

Centennial has snapped up a converted childcare centre in a booming inner Brisbane suburb in a deal that agents say was struck at a record tight yield.

Clarence Property paid $8.435m for the Edge Early Learning childcare centre at 22 Marie Street, Milton.

Colliers International’s Tom O’Driscoll and Hunter Higgins negotiated the sale of the 120-place centre at a yield of 5.28 per cent, which they said was the tightest yield and highest rate per place recorded in Queensland for a childcare centre worth more than $5m.

Click the PDF to read the full story in the Courier Mail.

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