SINGAPORE (June 29): MindChamps PreSchool says it continues to expand its footprint in Australia with a new partnership with property developer Malek Family.
Under the partnership, Malek Family has purchased the rights to develop 10 new purpose-built MindChamps childcare centres in the Australian states of New South Wales and Victoria.
To date, MindChamps has over 80 centres worldwide, with 23 centres in Australia.
“Our partnership with local property developers who are experts in the childcare sector is a win-win for both parties. While we focus on ground-breaking, high quality education and research, they know the best locations and can obtain all the necessary licenses required to build these centres,” says David Chiem, founder CEO and executive chairman of MindChamps.
“Having successfully built childcare centres, we are excited to begin our journey with MindChamps in building state of the art purpose-built MindChamps Early Learning and Preschool centres which will provide high quality, research-based education across Australia”, says Matthew Malek, managing director of Malek Family.
Shares in MindChamps closed 1 cent lower, or 3.2% down, at 30.5 cents on Friday.
