First Steps nursery will open in September in the premises of a former independent school in Northfield, Birmingham, that went into administration last year.
The premises are currently being refurbished. A new outdoor area will include a 'beach' and a new garden.
Andy Gould, who runs First Steps with his wide Debbi, said, 'Our first two nurseries have proved to be extremely popular, and as the waiting lists for both grew, we decided to invest in a third to respond to demand.'
The couple opened their first nursery in Birmingham, called Stone House Farm, in 1992 and their second, Ashton Court, in Wolverhampton in 2003.
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