Childcare operator Edge Early Learning has moved into voluntary administration. The investor supported company operates 70 childcare centres, leaving the future of those locations uncertain. Arena REIT revealed the entry into voluntary administration following notifications about the status of the childcare group arrived.
Advisory firm KordaMentha was named as administrator for Edge Early Learning. Administrators have stepped in to oversee the financial oversight and financial status of the childcare provider. Arena REIT No 1 received formal notice about the administration. The entry into administration leaves 70 childcare centres facing doubt while KordaMentha manages the process.