NEWS

Hoddle Street site to be transformed into state-of-the-art childcare centre

Demand for childcare within office buildings and surrounding precincts is driving the ongoing expansion of the sector throughout Melbourne’s CBD and city fringe.

According to Colliers International’s Matt Cosgrave, the continuing evolution of office amenity to cater to tenant demand has seen childcare become an increasingly sought after inclusion within or close to new and refurbished office buildings and significant office precincts.

In recent months, Colliers International has assisted Guardian Early Learning Group roll out new childcare centres on long term leases in Richmond and the CBD as this trend takes off.

In the latest leasing deal, Guardian has secured a major 2,950sqm site on Hoddle Street in Richmond.

The significant 15-year deal was negotiated by Colliers International’s Matt Cosgrave and Ash Dean in a collaborative process between the company’s Melbourne City Fringe and Melbourne Metropolitan Office Leasing teams.

“This property, which had been vacant for six years, will now be turned into state-of-the-art childcare centre,” Mr Cosgrave said. “It is a sizeable, prominent site which has been approved for use as a childcare facility to help address the growing demand in the area."

This deal follows on from Guardian’s commitment to 2,186sqm at 101 Collins Street, Melbourne in a deal facilitated by Mr Cosgrave and Tony Landrigan.

Mr Cosgrave said Colliers International was seeing strong inquiry within this sector as the demand for quality childcare services closer to inner city workplaces continues to increase.

“End-of-trip facilities such as showers and bike storage were once rare in an office building – now they are seen as standard inclusions,” he said. “Now lifestyle factors such as childcare and co-working space are becoming an increasingly viable option to attract quality tenants to a building.

“Businesses are increasingly trying to make it easier for parents who work in the CBD and city fringe locations to drop off and pick up their children on their way to or from work. Not only does this help employees maximise their work day and increase efficiency, it makes their daily lives easier at the same time.”

Demand for childcare within office buildings and surrounding precincts is driving the ongoing expansion of the sector throughout Melbourne’s CBD and city fringe. According to Colliers International’s Matt Cosgrave, the continuing evolution of office amenity to cater to tenant demand has seen childcare become an increasingly sought after inclusion within or close to new and refurbished office buildings and significant office precincts.

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