Childcare operator Edge Early Learning has filed for voluntary administration. The investor supported company operates 70 childcare centres, leaving the future of these locations uncertain. Arena REIT disclosed the entry into voluntary administration once notifications about the situation of the childcare group came in.
Advisory firm KordaMentha was chosen as administrator for Edge Early Learning. Administrators have begun oversee the financial oversight and financial health of the childcare provider. Arena REIT No 1 received formal notice about the process. The entry into administration leaves 70 childcare centres facing uncertainty while KordaMentha manages the process.