Auckland
PMG Direct Childcare Fund

The purpose-built childcare centre was completed in 2024 and acquired by the PMG Direct Childcare Fund in September 2025.

Located in the heart of Welly, the centre is fully leased to experienced operator Welly Explorers, with a weighted average lease term (WALT) of 9.7 years.

With resource consent for up to 86 children, the centre serves a growing family demographic in a location with strong community amenities, new residential developments, and easy access to main transport routes.

  • Experienced, long-term tenant: Welly Explorers is a trusted early learning provider with a strong reputation for quality education and care.
  • Strategic location: Centrally positioned to serve both established and new residential areas, with excellent access to schools, parks, and local amenities.
  • Modern, purpose-built design: The centre features multiple age-specific play areas, ample natural light, and secure outdoor spaces designed to foster exploration and learning.

Asset details

Asset Type
Childcare
Value
$4,200,000
Anchor Tenant
Welly Explorers
Occupancy
100%
WALT
9.7 years
Tenants
1