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Real Asset Management plans Essential Services IPO

This article originally appeared in Australian Property Markets News

Fund manager Real Asset Management is preparing to follow HomeCo in the listing of an Essential Services Property Fund worth between $500m and $1.0bn.

The group currently manage several wholesale funds including the RAM Australia Medical Fund, which contains 6 healthcare assets worth circa $110m including the Dubbo Private Hospital and Mayo Private Hospital which the group acquired for $62m in January 2021. RAM also manages the RAM Australia Retail Property Fund which comprises 13 neighbourhood convenience retail centres worth circa $325m.

RAM has mandated Credit Suisse, UBS, Ord Minnett and E&P Corporate Advisory to oversee a potential IPO of the combined portfolio, hoping to generate a premium for its current investors.

The mix of retail and medical centres will be a challenge for a market used to seeing asset classes separated, however if there was ever a time to consider listing a mixed use essential services fund, now would be the time.

Real Asset Management is an Australian owned Wealth and Asset Management firm which commenced in 2013. The Group gained strong support for its Significant Investment Visa Fund which enabled the business to establish a services of investment offerings in real estate infrastructure and venture capital investments. The group and has grown to a team of over 80 finance professionals managing in excess of A$1.8bn in assets.