Childcare operator Edge Early Learning has filed for voluntary administration. The investor supported company runs 70 childcare centres, leaving the future of these locations in doubt. Arena REIT revealed the entry into voluntary administration after notifications about the status of the childcare group arrived.
Advisory firm KordaMentha was appointed as administrator for Edge Early Learning. Administrators have taken over oversee the operations and financial health of the childcare provider. Arena REIT No 1 received formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing uncertainty while KordaMentha manages the process.