Childcare Property Trust No. 3

(ARSN 100 596 218)

Fund Status: Terminated

As the trust has been terminated the following is for infomation purposes only.

DDH Graham Limited acts as the Responsible Entity of Childcare Property Trust No. 3.

Following a capital raising of $12.32 million in August 2002 the Trust acquired
15 childcare centres and related freehold property.

A restructuring of the Trust took place in 2004 resulting in the sale of 8 childcare businesses. The Trust retained the land and buildings from which the businesses are conducted and receives a market rental from the tenant.

CPT-3 at a Glance

Principal Activities
The Trust has been established as a property trust with an investment strategy to invest in childcare centres.

The 15 Trust properties are located as follows:

Annandale, Townsville, QLD *
High Wycombe, Perth, WA *
Camira, Brisbane, QLD
Plympton, Adelaide, SA
Moulden, Darwin, NT *
Alexander Heights, Perth, WA
Bentley Park, Cairns, QLD *
Manunda, Cairns, QLD *
Bentley Park, Cairns, QLD
Moulden, Darwin, NT *
Toowoomba, QLD *
Wodonga, VIC
Buderim, Sunshine Coast, QLD
Cooloongup, Perth, WA *
Sippy Downs, Sunshine Coast, QLD

* Freehold property only

Each centre is leased to and managed by wholly owned subsidiaries of A.B.C. Learning Centres Limited. The centres have a total of 1,041 licensed places.

During 2006 the Trust entered into agreements to sell all of the CPT-3 childcare businesses to a subsidary of Ramsay Bourne Holdings Pty Ltd (RBH). Each childcare business will settle upon expiry of the current management lease in September 2007.

The agreement with RBH also covers the sale of the related freehold properties, which from September 2007 will be leased to RBH on a fixed rental basis. These properties, which are covered by put and call options, will settle no later than 6 months after the sale of the childcare businesses that is, no later than March 2008. In that period the Trust will receive rental income from RBH.

The Trust was wound up effective 30 September 2008, with the final distribution paid to unitholders on 10 September 2008.

Net Asset Backing per Unit

30 June 2003    $0.9247
30 June 2004    $0.9000
30 June 2005    $0.8770
30 June 2006    $1.0140
31 Dec 2006     $1.0135
30 June 2007    $0.9081
30 Dec 2007     $0.1010
30 June 2008    $0.08425
30 Sept 2008    $0.0000

Download Files

CPT-3 Half-Year Financial Report 31 December 2005 (PDF)

CPT-3 Annual Financial Report 30 June 2005 (PDF)

CPT-3 Annual Financial Report 30 June 2006 (PDF)

CPT-3 Annual Financial Report 30 June 2007 (PDF)

CPT-3 Annual Financial Report 30 June 2008 (PDF)