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Live News EQUITY FLASH L impact

BUZZ — Australia's Arena REIT No 1 rises on sale of remaining Edge — operated learning centres

* Shares of Arena REIT No 1 rise 2.8% to A$2.425, on track for best day since October 7, if gains hold * ARF earlier rose as much as 4.5% * Real estate investment trust confirms sale of the remaining seven learning centres operated by its tenant Edge at ARF-owned properties * Says Arena is currently undertaking due diligence on the proposed transactions and keeps deal value undisclosed * In late August, Arena had informed that Edge had entered voluntary administration, raising concerns over Edge's lease of Arena-owned properties * Stock down 31.9% YTD (Reporting by Jasmeen Ara Shaikh in Bengaluru) ((Jasmeenaraislam.Shaikh@thomsonreuters.com;)

ARF.AX