Childcare operator Edge Early Learning has entered voluntary administration. The investor supported company operates 70 childcare centres, leaving the future of those locations in doubt. Arena REIT disclosed the entry into voluntary administration following notifications about the condition 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 was given formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing doubt while KordaMentha oversees the process.