Arena REIT No 1 hits 1 1/2-month high on Edge Early Learning lease transfer
Shares of Australia's Arena REIT No 1 rose as much as 14.5% to A$2.390, their highest level since August 27. The real estate business said major tenant Edge Early Learning entered an agreement to sell the operations of 31 of its early learning centre businesses, including services at 20 of the 27 centres owned by Arena.
Arena REIT No 1 said major tenant Edge Early Learning has entered into an agreement to sell the operations of 31 of its early learning centre businesses. The proposed transaction with Goodstart Early Learning includes services at 20 of the 27 centres owned by Arena. Arena had said in late August that Edge had entered voluntary administration, raising concerns over Edge's lease of Arena-owned properties. 390, their highest level since August 27.
7%, YTD, including session's moves.