Childcare spat the first salvo in long fight
A skirmish for control between childcare property trusts Arena REIT and Folkestone Education Trust may be the first salvo in a longer campaign for consolidation in a boutique but growing asset class.
A skirmish for control between childcare property trusts Arena REIT and Folkestone Education Trust may be the first salvo in a longer campaign for consolidation in a boutique but growing asset class.
The spark that ignited the tussle is Arena’s move to bring its management inhouse. Currently management of the $310 million trust is controlled by Morgan Stanley Real Estate.
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