Overview
The Early Learning Company Joint Venture (ELCo JV) is an unlisted real estate investment trust that invests and acquires childcare centres across Australia.
ELCo JV is available to institutional clients only.
Summary and objectives
To deploy $1.5 billion of capital into childcare real estate.
Real estate backed investment
Large total addressable market
Defensive asset class with strong Government support
1.5 Billion
of capital
Strong sector tailwinds with attractive demand-supply dynamics
Performing portfolio diversified by location and tenant
Strong ESG fundamentals
Highlights
Unique, scarce and highly scalable opportunity
One of Australia’s largest early learning centre portfolios with a large and fragmented total addressable market estimated at $55 billion.
Bi-partisan Government support
The Australian Government funded $18 billion in childcare expenditure in 2024 and is committed to building a universal early childhood education and care system.
Strong sector tailwinds
Strong population growth, supported by increasing female/dual working parent workforce participation. Undersupply of early learning centres across Australia.
Experienced tenants and robust leases
High quality and experienced tenants, long WALE and net leases (low capex & low incentives) with strong rental reviews linked to inflation.
ESG
Educating children via sustainable practices and a world-class early learning curriculum, contributing to increasing female workforce participation rates and building new, high-quality centres with a high level of energy efficiency.