Childcare operator Edge Early Learning has entered voluntary administration. The investor supported company operates 70 childcare centres, leaving the future of these locations in doubt. Arena REIT disclosed the entry into voluntary administration following notifications about the situation of the childcare group came in.
Advisory firm KordaMentha was chosen as administrator for Edge Early Learning. Administrators have stepped in to oversee the financial oversight and financial health of the childcare provider. Arena REIT No 1 was given formal notice about the process. The entry into administration leaves 70 childcare centres facing an unclear fate while KordaMentha handles the process.