Australia's largest owner of childcare centres, the ASX-listed Folkestone Education Trust, has swooped on a portfolio of nine Brisbane childcare centres in a $63.2 million sale-and-leaseback deal with private operator Avenues Childcare.

The nine properties acquired are located in the suburbs of Aspley, Carina, Jindalee, McDowall, Parkinson, Sunnybank, Shailer Park, Paddington and Norman Park. All sold with a 20-year leaseback agreement to the family-owned operator.