Jarra Investment Trust Twenty Nine
Defensive childcare asset underpinned by a 15 year lease to one of Australia's most successful childcare operators. The Fund offers a favourable investment structure providing potential for capital growth.
Investment Highlights
Jarra Investment Trust Twenty Nine (the Fund) presents a compelling opportunity for Investors looking for exposure to a defensive asset class underpinned by a 15-year lease to an ASX listed tenant with a national footprint. The Fund’s favourable investment structure provides potential for capital growth.
Clear Investment Strategy and Strong Projected Investment Return
The Fund strategy is to develop Nido Early School (Nido) Australind, Western Australia, and sell the asset after completion of construction. The Fund has a target 1.27x cash multiple of equity invested (being a 20.0% Investor IRR*) over an estimated twenty-month investment hold period (three year maximum investment term).
Strategic Partnership
Nido owns and manages more than 100 childcare centres nationally and are at the forefront of the sector, in terms of their architectural design, management and their service offering. Nido continues to partner with Jarra Property to execute their growth strategy to manage 150 centres by 2029 (currently 102).
Jarra Property is one of Australia’s most active childcare centre property developers and investors. Nido Australind will be our 25th childcare development project and our 7th development project with Nido as tenant. Our strong long-standing relationship with Nido and our significant experience delivering similar childcare development projects mitigates and reduces the Fund’s exposure to development and project delivery related risk.
Attractive Industry Fundamentals
Jarra Property's conviction in the childcare sector is due to the defensive nature of the industry and the long-term lease structure. As a key driver of national labour force participation and productivity, it is recognised as a critical industry by both major Australian political parties.
The Property is strategically located and will provide a much-needed service for one of Australia’s fastest growing communities.
Australind is a vibrant and thriving suburb located in one of the fastest growing regions in Western Australia, with it’s population having grown over 10% from 2017-2023.
Due to the strong population growth of the area, the property is surrounded by significant residential land developments.
The Property is located on the main suburban thoroughfare connecting Bunbury, Australind and Treendale with access to the Treeby Shopping Centre.
The Fund is structured as an Australian unit trust and is an unregistered managed investment scheme. Investors will be issued Units in the Fund, the total value of the Units to be allotted is $3,200,000. The issue price of Units under this Offer is $1.00 per unit (3,200,000 Units of $1.00 each). Applications are payable in two tranches, as follows:
- $0.57 per unit is payable on application (Tranche A); and
- $0.43 per unit is payable within 14 days from the date of the capital call notice issued by the Trustee, which is expected to be in March 2025 (Tranche B).
The Tranche A funds will enable the Fund to acquire the Property and the Tranche B funds will enable the Fund to construct Nido Australind.
The Fund will be illiquid due to:
- Investors not having the capacity to withdraw from the Fund prior to its termination; and
- the limited secondary market for the buying and selling of Units.
During the Investment Term an Investor may, subject to the terms of the Trust Deed, sell or transfer their Units at any time. However, Jarra Property will not operate a market for trading Units and is not obliged to assist Investors in identifying prospective purchasers of Units. The transfer of Units will be subject to costs which may include stamp duty.
Potential investors should consider if the Fund is appropriate for their particular circumstances. Seeking appropriate financial advice is recommended.
*Target returns are indicative, are based on assumptions and are not guaranteed.
Fund performance is subject to risks and past performance is not an indication of future performance.
For more information, please refer to the Information Memorandum (IM), paying special attention to the financial information and risks, and speak to your own advisor, before making an investment decision.
Units in the Fund are issued by Jarra Funds Management Pty Ltd (ABN 67 654 846 214) (AFSL 538113) as Trustee of Jarra Investment Trust Twenty Nine.
You can obtain a copy of the IM by using the form on the right, by calling 0421 225 142 or emailing info@jarraproperty.com
Jarra Property is a Western Australian real estate development and investment management business with an established track record, having successfully delivered approximately $100 million of Specialist Disability Accommodation, childcare centre and retail projects over the past five years. With an investment process that emphasises risk mitigation and value creation for Investors, we utilise our own balance sheet for design, town planning, leasing and establishing certainty around construction costs. Once these conditions are satisfied, we structure our funds to maximise alignment between ourselves as managers and investors.
From inception, Jarra Property has realised property investments of more than $40.0 million with an average fund term of less than 24 months, an average Investor IRR (pre-tax and post fees) in excess of 20.0%, and returning more than 1.3 times our investor's capital (on average).
Mike has significant transactional, portfolio management and investment experience having held analytical, commercial and managerial positions in corporate finance teams, merchant banks, property investment firms and family offices.
Mike started his career as a graduate in BDO Perth’s Corporate Finance team, providing valuation and transaction support services to ASX listed clients. As an Investment Manager for investment firm Sirona Capital, Mike was responsible for seeking, analysing and realising investment opportunities in various industries and asset classes (including real estate). Following his time at Sirona Capital, Mike was Group Commercial Manager at AMB Holdings Pty Ltd. This role involved Mike reporting to the board of directors on strategic, litigation, portfolio management and investment matters for both AMB Holdings and Angela Bennett’s personal asset portfolio.
Mike’s investment and commercial background has seen him involved in significant investments in a wide variety of asset classes and industries. Similarly, Mike has advised on strategies ranging from small family businesses to multigenerational billion-dollar assets.
Now as Commercial Director of Jarra Property, Mike holds a Bachelor of Commerce (First Class Honours) from Curtin University of Technology.
Stefan has been intrinsically involved in the acquisition and development of commercial and residential property since 2011.
Following a 10 year career in secondary education, Stefan joined OTB Developments as a Director in 2016, and subsequently became a Director of Jarra Property when it was formed in 2019. He has a sound understanding of the Western Australian property and construction markets with extensive experience in residential, fuel, childcare, retail and fast food.
As Development Director, Stefan holds close relationships with consultants that can be trusted to obtain Development Application approvals as well as with construction partners to ensure projects are delivered on time and within budget. He specialises in site selection, due diligence and demographics, and works with government authorities such as ATCO, Western Power and Watercorp.
Stefan works closely with tenants and has a good understanding of the childcare market and SDA/NDIS requirements, delivering a number of ongoing projects. He is able to identify tenants’ requirements with an approach to target sites specifically to meet their needs, rather than finding sites and going out to market.
Stefan has managed a large property development portfolio including successfully delivered and ongoing projects for Nido Early School, Green Leaves Early Learning, YMCA, Bloom Early Education, 7-eleven, PUMA, Vibe Petroleum, BP, KFC and Hungry Jacks.
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Use the form on the right to request the Information Memorandum for this opportunity or email info@jarraproperty.com and one of our team will be in contact with you.
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This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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