22 July 2024 KordaMentha announced today that Ryan Korda has been appointed Partner, Industrial Investments in the real estate team. He will lead our industrial investment strategies/ initiatives across the business working with the broader team across acquisitions, asset strategy and capital raising. Ryan joined us from CBRE where he has been a valuer in their industrial valuations business since 2012, with the past five years as a national director overseeing a team of 20 across Australia. He brings unparalleled experience, insights, relationships, and opportunity to our business. His standing in the market as a leading industrial expert is evidenced by his role as a valuer on all four major bank panels as well as working for some of Australia’s major A-REITs, corporates, syndicates, developers, and private investors. Ryan holds a Bachelor of Applied Science (Property) from RMIT. Will Kitchen joined the real estate team as a Senior Development Manager. With a growing portfolio in industrial investments, he will be responsible for the delivery of our development and capex plans across our investment portfolio, predominately industrial, but will also assist with the delivery of our growing residential development pipeline. Prior to joining KordaMentha, Will co-led the establishment of the Victorian Office for a property development and funds management business with $3.2 billion in FUM and helped grow the team to over 10 people and oversaw the successful delivery of multiple developments. Prior to that, he spent seven years with a specialist industrial design and construction company, responsible for delivering over 20 project from inception through to completion. Will holds a Bachelor of Arts and Bachelor of Laws (with Hons) from Monash University and a Graduate Diploma of Legal Practice from the Australian National University. He is a registered Domestic Builder (Unlimited) and Commercial Builder (Limited). Other insights Resignation of Director - Nick Stretch The Board of KM Property Funds (‘KMPF’) wishes to advise that Mr. Nick Stretch is resigning as Director of KMPF effective 31 December 2024. KM Property Funds divests in Adelaide for significant returns KM Property Funds divests in Adelaide for significant returns, delivering investors a 27% premium to the original target returns at the commencement of the investment.