RAM Essential Services Property Fund (ASX: REP) confirmed on 18 August 2026 that all conditions precedent pertaining to the contracts of sale for the divestment of five retail assets have now been satisfied. This significant update follows the Fund’s initial ASX release concerning these contracts on 23 July 2026. RAM Essential Services Property Fund operates as a stapled real estate investment trust listed on the ASX, managing a geographically diversified portfolio primarily focused on healthcare real estate, alongside essential retail assets anchored by national supermarket tenants.
The completion of these sales is currently projected to take place in the second quarter of the 2027 financial year. The purchaser of the assets is a fund established by a leading institutional investor, which the Fund describes as a well-capitalised entity possessing significant experience within the Australian real estate market. As part of the transaction, REP will maintain a 10% interest in the fund established by the institutional investor. The Fund has also stated its satisfaction with the counterparty’s capacity to perform its obligations as outlined in the contracts of sale.
Regarding the transaction’s implications, RAM Essential Services Property Fund has indicated that it does not deem the identity of the counterparty to be information that would materially influence the price or value of the Fund’s securities. The Fund further affirms that this announcement encompasses all material information relevant to evaluating the transaction’s impact on the price or value of its securities, and it is not misleading by omission. The company secretary duly authorised this announcement for release to the ASX.
