Average Stabilised Investor Distribution
7.7% p.a
BCV Early Learning Property Trust II aims to generate 7.7% p.a. average stabilised income distributions anchored by 15-year triple net leases to Wildflowers Early Learning across multiple centres.
7.7% p.a
11.2% - 18.2%
1.99x
35% LVR
Five Centres
Eight Years
Stable Long-Term Rental Income
The Fund is projected to deliver a 7.7% p.a. average stabilised income distributions, with all properties leased to Wildflowers Early Learning on 15-year terms and CPI-linked annual increases (capped at 4.0%) ensuring consistent quarterly income post-development.
Capital Growth from Development
Each asset is being developed to a 7.20% yield on cost day-1. This provides Unitholders with a 70-120 basis point premium to the yield that centres can be purchased for, typically ranging from 6.00% to 6.50% in the open market at present. This is an implied development profit of 11% – 20%.
Development Cost Control
The rent is set as a percentage of development costs, meaning the investors’ cash flows are not affected by construction cost fluctuations.
Liquidity Mechanism
From year four investors can request a redemption of units with total requests each year capped at 5% of total fund GAV.
Low Levels of Gearing
The Fund targets a 35% loan-to-value (LVR) ratio with the first centres to be equity funded, before the introduction of debt.
$16 Million AUD
via Withdrawal Facility
$100,000 AUD
Wholesale Clients
Eight Years
30 September 2025
Demand Growth
From 2010–2024, centre-based care for children aged 0–5 grew 60%, now serving c.910,000 children.
Government Support
Federal childcare subsidies (CCS) exceed $14bn annually, supported by both major parties. Annual CCS expenditure has increased 83% since 2019.
Social and Economic Impact
Affordable childcare boosts female workforce participation (+6%), potentially increasing GDP by 8.7%.
Positive Market Outlook
Once a social service, childcare is now a stable, government-backed investment asset. Industry revenue is projected to rise from $21.8bn and surpass $25bn by 2030.
Liquidity
Each property can be sold individually via auction or private treaty, with potential for a portfolio premium at scale. The childcare asset market is highly active, with $720m in transactions recorded in 2024 and over $2.5bn over the past four years. Investors also have individual liquidity over their investment via the withdrawal facility.
Premium Centre Design
Established in 2021, Wildflowers is a market leading provider of Early Learning across four custom designed and built operational centres, with a fifth opening early 2026 delivering 500 places across the portfolio. The management team have decades of experience.
Differentiated Learning Philosophy
All developments will exceed regulatory requirements and industry standards, offering 40%+ larger nature play spaces, purpose-built dining areas, a focus on child safety in all aspects of design, large staff rooms, and staff courtyard areas.
The BCV Early Learning Property Trust II is currently open for investment to Wholesale Investors only. Click the buttons below to view the Information Memorandum or commence the application process.
Disclaimer: An investment in the BCV Early Learning Property Trust II (“Fund”) is restricted to persons that qualify as wholesale clients. Applications to invest in the Fund must be made on an application form attached to or accompanying the information memorandum for the offer of investment in the Fund. This information is general information only and does not take into account your objectives, financial situation or needs. Accordingly, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs; and consult your financial adviser before making an investment decision in relation to an investment in the Fund. An investment in the Fund is subject to risk. Investment decisions should not be made upon the basis of past performance or previous distribution rates achieved for the Fund or other Blackoak investment funds. Past performance is not a reliable indicator of future performance. Forward-looking statements in relation to the Fund are subject to known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Fund to be materially different from those expressed or implied by such statements. No person, company or entity makes any promise or representation or gives any guarantee as to the performance or success of the Fund, the repayment of capital or any particular rate of income or capital return for the Fund.