New childcare centre to be built at Forest Springs
A NEW childcare centre is set to be built at Gladstone's Forest Springs estate.
Brisbane-based CHR Corp has secured a 3800 m2 site to construct a $3.5m Green Leaves Early Learning Centre, which would cater for up to 124 children.
Forest Springs development manager Callum McAusland said he was pleased to have the sale of the childcare centre settled because it was another important piece of community infrastructure.
"This new childcare 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," he said.
"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."
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 looking to secure prestige sites.
"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," he 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. "
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 childcare centre will be a welcome addition to the area."
Mr Hovey said he expected the project would take five months to build and would employ 25-30 people when finished.
"Our childcare centres employ the latest in design and technology, something we believe parents and carers in the local area will warm too," he said.
"They have an onsite barista for those morning coffees, as well as a parent hub with the ability to relax and engage with other parents and staff."