Four ways to work with us.
We only ever act for buyers. No listings, no commissions from sellers, and no stake in anything we recommend. You can engage us for the whole search or just the part you need, whether you are a family, first home buyer, SMSF, family office, trust, business owner or developer.
Full Acquisition Mandate
The complete process. We write the investment brief, define the target return and risk envelope, source on and off-market, underwrite every shortlisted asset, run due diligence, negotiate and oversee settlement.
- ·Written investment brief and capital allocation
- ·Off-market sourcing against a defined mandate
- ·Financial modelling: net yield, yield on cost, IRR
- ·Due diligence coordination and risk register
- ·Negotiation to a written ceiling
- ·Settlement and handover to asset management
Negotiation-Only
You have found the asset. We underwrite it independently, build the evidence position, set a written ceiling and negotiate price and terms through to unconditional.
- ·Independent valuation position and comparable evidence
- ·Reconstructed net income from source documents
- ·Written maximum price agreed before first offer
- ·Term structuring: retentions, rent guarantees, warranties
Asset Underwriting
A fixed-fee written assessment of a specific asset: lease and covenant analysis, reconstructed income, comparable evidence, risk register and an assessed value range with a recommended maximum price.
- ·Lease chain, covenant and expiry analysis
- ·Outgoings recoverability and true net income
- ·Risk register with quantified exposures
- ·Assessed value range and recommended ceiling
Portfolio Review
An assessment of an existing portfolio: aggregate WALE, income and covenant concentration, gearing and debt expiry, reversion potential and capital works exposure, with a written position on each asset.
- ·Portfolio WALE and expiry-by-year profile
- ·Tenant, sector and geographic concentration
- ·Debt expiry, interest cover and gearing discipline
- ·Hold / reposition / divest recommendation per asset
Every property runs through the same twelve checks.
It does not matter what type of property it is or what it costs. This is what makes a decision one you are still comfortable with a year later.
Capital, gearing, target return, risk tolerance, hold horizon and concentration limits, set in writing before any asset is considered.
Required net yield on purchase and on total cost, minimum acceptable lease expiry profile, and tolerance for expiry concentration.
Entity, guarantee, bank guarantee quantum, trading history and occupancy cost sustainability behind every material lease.
Precinct fundamentals, catchment demographics, access and freight, competing supply and approvals lodged nearby.
Land rate per square metre against comparable sales, and improvement value against current construction cost. The downside floor.
Full re-letting event modelled: downtime, incentive, commission, fit-out contribution and outgoings borne while vacant.
Every clause in the chain, review mechanism, options, ratchets, assignment, make-good and outgoings recoverability.
Passing rent benchmarked against effective market rent, and reversion modelled at each review and expiry date.
Land content, precinct trajectory, infrastructure and supply constraint, the drivers of value independent of the lease.
Planning envelope, overlays and residual land value under a permissible higher use.
The asset tested against every viable product, ranked by residual value and risk-adjusted return.
Buyer pool at exit, liquidity of the asset class, and the conditions under which capital is recycled.
Transparent, buy-side only.
An initial engagement fee applies to acquisition mandates, with a success fee payable on completion.
Success fee on purchase price.
Homes, land and residential investment. Families, first home buyers and investors.
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