** For TUD+ Professional Members this recording is free to access by visiting this link whilst being logged in to your account.
__________________
Recorded: 02 December 2021
Childcare centres have fast become a desirable real estate asset class for investors and developers.
While the sector is largely run by major childcare chains, a $1.7 billion boost in the federal budget this year has drawn attention from players outside the sector.
So what are the fundamental drivers and legal and design considerations to undertake a childcare property development?
The Urban Developer proudly presents a virtual course on the essentials for developing childcare assets.
______________________________________________________________________________________________________
Course Outline
1. The fundamental drivers of childcare property
- outlook for the sector
- driving demand for child care assets
- government support and regulation
- key investment attractions
- recent transaction activity
- commercial considerations
- other considerations
______________________________________________________________________________________________________
2. Lease terms and legal structures
- key mechanics of the agreement for lease
- determining lease commencement
- calculating rent on number of places
- outgoings – land tax, insurance and management fees
- security – personal guarantees, cash bonds and bank guarantees
- specific clauses in childcare leases – “material prejudice” type clauses
______________________________________________________________________________________________________
3. Design and planning considerations
- national quality framework
- size and layout
- number of children
- provision of unencumbered indoor and outdoor space
- site selection
- appropriate land use zoning
- site constraints (bushfire/flooding)
- proximity to other social/community uses
- traffic and car parking
- peak demand periods
- layout and safety
- design, services and amenity
- approvals pathway
The presentations will be followed by an interactive Q&A moderated by Adam Di Marco, founder and CEO of The Urban Developer.
______________________________________________________________________________________________________
Disclaimer
The Urban Developer cannot accept any liability or responsibility for loss occurring as a result of anyone acting or refraining from acting in reliance on any material contained in this presentation.