Childcare centre owner Arena REIT will buy out a portfolio of nine facilities under development in a transaction worth $65 million.
It is the biggest single deal yet for Arena REIT, underscoring the returns being generated from the growing social infrastructure sector, backed by a flow of government funding.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
