Austock Property Management is the new responsible entity of Mirvac Funds Management's (Mirvac) childcare fund.
Mirvac will receive a fee from Austock Property Management for obligations outlined in the deed of retirement and appointment, including non-compete obligations.
The Mirvac Childcare Fund, formerly the James Fielding Childcare Fund, was established by the James Fielding Group in 2003 as part of its funds management platform.
The fund has gross assets of $31 million and holds 31 childcare centres located in Queensland (28) and South Australia (3).
