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RAM gets team ready for listing

This article originally appeared in Australian Property Journal

REAL Asset Management has appointed three new members to its board, as the group readies to list its Essential Services fund on the ASX.

With the group moving towards the RAM Essential Services Property Fund on the ASX as a REIT, RAM has appointed Greg Miles to chair the board of its Responsible Entity.

The fund will be a geographically diversified portfolio of more than 20 medical and neighbourhood convenience-based properties.

Miles has more than 35 years of experience in property investment, development, asset and funds management, with previous roles including COO of Scentre Group, until his 2019 retirement.

Miles was also a member of Westfield Corporation’s executive leadership team and president and COO of Westfield American for four years, ending 2015.

Bryce Mitchelson was also appointed to the board as a non-executive director. With over 30 years of experience in valuing, transacting and investing, as well as development in sectors including retail, office, industrial, residential, childcare and healthcare real estate.

Mitchelson formerly worked as managing director of Arena REIT Limited, which he co-founded, before retiring in 2019.

Also appointed to the board as a non-executive director, Marianne Perkovic has more than 25 years of experience in both executive and board roles in the financial services industry.

With experience in wealth management, financial advice, private banking and superannuation in Australia, Hong Kong and Singapore, Perkovic was CEO at Count Financial Limited, before becoming executive general manager of Commonwealth Private at Commonwealth Bank in 2010.

“The decision of these three leaders to join the board is a very significant endorsement of the REIT, the RAM Group business and its strategy for future growth. It is a very strong group with highly relevant experience,” said Scott Kelly, CEO of RAM Australia.