Childcare division

The real estate assets of the Childcare division include 38 properties (including 1 office building), with total of 11,039 square metres of floor space, annualized rents of €2.8 M and a gross market value of €60 M.
The 38 properties include 933 places, i.e., on average 25 places per property.

The real estate assets for pre-school facilities are recent because 100% of the assets were built or renovated in the last 10 years.
Almost all the operating tenants are companies operating by the SIS group, i.e., Crèches de France, Kiddies and Crèches de Belgique.

Childcare division development strategy

For the Childcare division, Foncière Siscare will continue its investments, remaining focussed on France, where the growth potential for private nurseries is very high due to several factors:

• paucity of supply
• population growth
• the growth of company nurseries (high employment rate for women, reduction in paid parental leave)
• parents are increasingly interested in building social skills for their children at a very young age
• municipalities are privatising childcare under a public service contracts (private nurseries still represent only 10% of total places).

Foncière Siscare will continue its strategic partnership with Crèches de France, France’s 6th largest private operator of Childcare facilities, which has the same controlling shareholders, the SIS Group. Crèches de France is in fact well positioned to capture a part of the strong growth in the market, thanks to its approach to quality, its innovative, demanding education project and its tailored solutions for businesses and local authorities.