The company acquired six early learning centre properties
Hall & Wilcox has assisted ASX200 lister Arena REIT with a capital raising and its acquisition of a portfolio of six early learning centre (ELC) properties.
The $120m institutional placement was fully co-underwritten by Macquarie Capital and Jefferies. The equity raising also featured a $20m securities purchase plan.
The funds will be used to finance the ELC asset acquisition and potential development asset acquisitions. The capital is also earmarked to support pipeline growth.
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Partners Natalie Bannister (property) and Vanessa Murphy (corporate) headed up the Hall & Wilcox team, supported by special counsel Ella Simmons; associates Caitlin Byrne and Georgia Macri; lawyers Laurice Aziz and Briony Oddey; and consultant John Hutchinson.
Arena REIT owns, oversees and develops social infrastructure properties throughout the country.