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Australian Unity Childcare Property Fund targets growth

 

Core Property has reviewed the Australian Unity Childcare Property Fund, the latest unlisted property fund offering from Australian Unity Funds Management.

The Fund seeks to provides an investment in a diversified portfolio of childcare centres located across Australia.

Established in late 2021, the Fund is undertaking its second capital raising to raise $40M to further expand its portfolio. The Manager is looking to build the portfolio to over $250M of childcare centres in the next 3 years.

The Manager is targeting distributions of 4.6% - 5.1% p.a. in FY23 - FY24. Once the portfolio is stabilised, distributions are expected to be 5.5% - 6.5% p.a. from FY25 onwards.

Core Property has rated the Fund as RECOMMENDED.

The Fund is available to wholesale investors, with a minimum investment of $50,000.