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.
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.
