Jarra Property’s Nido Early School in Harrisdale opened in the second week of February 2022, bringing a 37% Return on Equity for the shareholders of the project over an 11-month period.
Jarra Property worked closely with the Satterley Property Group and Nido Early School on this project in the Heron Park estate. Jarra Property identified an opportune site with a strategy to “Develop to Divest”. Jarra Property secured a #planningapproval, Agreement for Lease with the operator and an agreed building contract before opening the Investment Trust and settling the land. The project was a success for all stakeholders including the estate owner, operator, investors and the buyer whom pre-purchased the asset during construction, off-market and ultimately securing our shareholders return before project completion.