Childcare operator Edge Early Learning has filed for voluntary administration. The PE-owned company runs 70 childcare centres, leaving the future of those locations uncertain. Arena REIT announced the entry into voluntary administration after notifications about the situation of the childcare group came in.
Advisory firm KordaMentha was appointed as administrator for Edge Early Learning. Administrators have begun oversee the operations and financial status of the childcare provider. Arena REIT No 1 got formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing an unclear fate while KordaMentha manages the process.