Brisbane-based CHR Corp has secured a 3800 sqm site at Gladstone to construct a $3.5 million Green Leaves Early Learning Centre.
The centre will cater for up to 124 children within Gladstone’s Forest Springs masterplanned residential neighbourhood.
Forest Springs Development Manager Callum McAusland (pictured second from right) said he was thrilled to have the sale of the childcare centre settled this month as it was an important piece of community infrastructure.
“With so many dual income families living in and around Forest Springs, we are sure there will be strong demand from locals looking to place their children within the centre," Mr McAusland said.
"The ability to live, work and play in the same neighbourhood has a lot of appeal for our residents, many have busy lives and are time poor, so reducing travel times and having a quality childcare centre within easy reach is very important to them."Th new child care facility will add to the existing Forest Springs offering which includes Woolworths, Priceline, BWS, Craig’s Bakery, a Medical Centre, Newsagency, Dollars and Sense, and a selection of eateries.
The sale was negotiated by Andrew Allen of Ray White Gladstone who said the transaction was further reinforcement that the Gladstone property market was able to attract investment from sophisticated buyers.
“There’s no doubt that the Gladstone market is showing signs of emerging from a few tough years and we are currently seeing many young families relocate to the Gladstone area to seek out employment opportunities," Mr Allen said.
"The REIQ recently announced local residential prices had increased for the first time in five quarters and interest rates are at an all time low which is sparking interest from buyers."“The announcement that a local $700 million oil refinery is being investigated and could potentially create 1000 construction and 300 permanent operational jobs is also boosting confidence throughout the city,” Mr Allen said.
CHR Corp director Michael Hovey said he was pleased to be able to enter the Gladstone market with his company’s first investment in the region.
“We are very bullish about Gladstone as a growth market and after a lot of research we couldn’t go past the Forest Springs site. It’s a well located community with the right demographics and a great community amenity, we believe that a child care centre will be a welcome addition to the area," Mr Hovey said.
Mr Hovey said he expected the project would take a five month construction timeline and would employ approximately 25 - 30 people when completed.