RAM out to prove hospitals, supermarkets are hot property afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Real Asset Management boosts development pipeline as it eyes float
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Real Asset Management is boosting its development pipeline with pandemic-proof essential services and neighbourhood retail assets as its considers a possible $800 million float later in the year.
Income-generating, high-yield assets with long leases form the basis of its $650 million of real estate under management across 20 properties weighted to the eastern seaboard.
RAM owns the Ballina Central shopping centre on NSW’s north coast.
Founded five years ago by chief executive and former UBS operatives Scott Kelly and head of real estate Will Gray, RAM will use its $125 million development pipeline to add value to existing properties and buy new assets.
Real Asset Management boosts development pipeline as it eyes float theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
The development application is on public exhibition through Ballina Shire Council until January 7. Â An artist s impression of the new Bridgestone Tyre & Auto shop that will be built at Ballina. Â Documents lodged with the council explain the new vehicle repair station will have a gross floor area of 400sqm and will have an office, client foyer, staff amenities and lunchroom, and three work bays. Â A freestanding scrap tyre and refuse building will be located to the south of the building, the report states. The Bridgestone Tyre & Service business incorporates motor vehicles (truck and car) tyre centre for the sale and fitment of tyres, re-treads, batteries and other similar products and for carrying out wheel alignments and front-end motor vehicle repairs.