Getting to know Ranfurlie Asset Management

For more than 30 years Ranfurlie Asset Management (RAM) has been at the forefront of creating and managing a portfolio of retail and commercial spaces within new and established residential developments.

Created as a subsidiary of one of Australia’s largest privately-owned property development and residential building operations, the Dennis Family Group, they have inherited a belief in the importance of communities and the people who live, work, and play in them.

Fully Australian owned and operated, they have a wealth of experience in development, leasing and managing an array of commercial properties. The Ranfurlie team understand what the expanding Australian communities need to thrive and believe in investing in them.

The strategy is to ensure diversity across all property types, including commercial, Large Format and traditional retail formats, entertainment, logistics, education, and hospitality, in order to maximise economic opportunity and continue to grow the existing portfolio.

RAM have outlined three key focuses in asset management that have attributed to the businesses ongoing success. The first of the key focuses for is to prioritise investment management.

The business continues to successfully grow its existing portfolio and currently have over $0.5 billion in assets under management.

Ranfurlie provides a full suite of investment services underpinned by strong relationships with some of its key banking partners.

The second key focus for the company is asset management and leasing.

The team is made up of specialised commercial property managers who are positioned to deliver management strategies and services across all property types.

This includes all leasing processes, to achieve quantifiable results for partners and stakeholders and are able to do so by drawing on experience, with a vast network of contacts and strong relationships.

Lastly, Ranfurlie ensures a prioritisation on asset development. They have delivered in excess of $178m in development works in the last five years and have a further $112 million of works in the pipeline over the next two years.

In terms of Large Format Retail, Ranfurlie already have a range of assets within Large Format Retail precincts.

The first asset is located in Burnside Park Hub, a large format precinct which opened in October 2022; including Spotlight, JB Hi-Fi Home, Baby Bunting, Savers, Furniture Traders and Guzman y Gomez.

The second asset in Tarneit Park Hub, is a Large Format Retail precinct anchored by Bunnings (16,500 sqm) which opened in July 2021.

The second stage of the construction for Tarneit Park Hub is also already underway and will include:

• A childcare centre
• Swim school
• 5,000 sqm of large format incorporating Autobarn
• PETstock
• Repco
• Salvation Army
• Fernwood Fitness
• MyCar
• Fast food, fuel pad sites and a hospitality precinct.

RAM have plans to construct further stages at the above property along with Manor Lakes Central, which will incorporate Large Format Retail and are inviting further engagement with fellow LFRA members to discuss these opportunities.