• Acquired at an attractive 5.27% initial net yield
• Won a highly competitive auction by just 0.162%, narrowly outperforming a local fund manager
• Secured an acquisition price below our assessed underlying value, with CPI-linked rental growth

Cornerstone Assets successfully represented our investor client in the acquisition of a high-quality single-tenant commercial investment, secured through a highly competitive public auction. The asset attracted strong institutional and professional investor interest, ultimately coming down to a closely contested final bidding process between our client and a local fund manager. Cornerstone Assets secured the acquisition with a margin of just 0.162%, demonstrating the importance of disciplined bidding strategy, preparation and real-time decision-making in competitive auction environments.

Prior to the auction, Cornerstone Assets undertook comprehensive due diligence covering the lease, title, planning framework, rental income, property fundamentals and underlying investment risks. We also conducted our own on-site assessment and supplemented our findings with relevant market and industry feedback. This enabled us to establish a clear investment value and maximum bidding threshold before entering the auction, ensuring our client remained competitive without compromising investment discipline.

The acquisition reflects an initial net yield of approximately 5.27%, with contractual rental growth providing further potential for income enhancement over the investment period. Our assessment identified underlying value materially above the acquisition price, providing an attractive margin of safety at entry. The successful outcome demonstrates Cornerstone Assets’ ability to source, assess and execute highly competitive commercial property acquisitions, combining detailed due diligence with disciplined valuation and strategic auction execution to secure opportunities on behalf of our clients.