Childcare operator Edge Early Learning has entered voluntary administration. The investor supported company manages 70 childcare centres, leaving the future of its locations up in the air. Arena REIT revealed the entry into voluntary administration after notifications about the condition 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 was given formal notice about the process. The entry into administration leaves 70 childcare centres facing doubt while KordaMentha oversees the process.