M/Group has announced plans to expand its land portfolio with the development of 148 premium residential lots on an 11.8ha site located in Beeliar within the growth corridor of Perth’s southern suburbs.
The release of the company’s Beeliar Development Trust seeks to raise $13.5 million to support the acquisition and development of the site. It follows a further $70 million raised in private equity for a range of investment products over the last 12 months, together with an unprecedented demonstration of success from its inaugural land development venture in Secret Harbour; achieving 85% in off-the-plan sales in just over seven months for Stage 1.
M/Group Managing Director, Mr Lloyd Clark, said the Project Land at Beeliar is located high on a ridge and is to be developed to existing topography with the retention of mature trees.
“There are not many property companies in the market that have successfully raised as much in private equity in the last 12 months as that of M/Group. We believe this is due to the considered approach we take to each investment that effectively delivers a competitive edge to our projects and drives higher returns for investors,” he said.
“In the case of Beeliar, much of the site’s appeal is in its elevated topography framed by beautiful Tuart Trees. Our development plans therefore work with these factors to provide the market with something unique.”
The anticipated price range of the residential lots for the Beeliar site is from $315,000 for 350m2 and up to $345,000 for 582m2. The projected financial return for private equity investors is 60% over a forecast 36-month investment period. It is forecasted that distributions will be paid on the basis of a 25% Internal Rate of Return.
M/Group is a diversified property company with a portfolio of property investments that today span across built form, land development and income generating property funds. Its approach to development, together with its success over its 16-year history, has attracted a strong investor following, with the last private equity fund attracting 90% return investors.
Director of M/Land, Mr John Wroth, says while the site is stunning and well located, the weight of the acquisition is underpinned by Western Australia’s continued and steady population growth as a result of improved resource prices, the low Australian dollar, continued oil and gas sector growth and, most significantly, the Government’s planned Cockburn Coast Redevelopment.
“Beeliar is strategically located along the Western Trade Coast, which will create over 11,000 jobs through a $2.3 billion Government injection into road and rail projects including Metronet,” he said.
“There is no question Beeliar’s location is highly desirable, close to beautiful beaches, Port Coogee Marina, schools, major shopping centres, hospitals and only 25 minutes from Perth CBD via freeway or train, but the Government’s commitment to develop some 3,900 hectares of land with industrial zones and an Australian Marine Complex, makes it a highly unique investment.”
M/Group is an approved Australian Financial Services Licensee (AFSL) working with both retail and wholesale investors.
For more information on the Beeliar Development Trust contact John Wroth on +618 9324 3855 visit www.mgroup.com.au.
Innovative Proposal Wins Over Curtin UniversityRead more
Curtin University has appointed M/Construction as its first single-source supplier for Minor Works Services, giving the company responsibility and sanction to deliver on immediate requirements and rapid-response requests.
M/Construction is part of the M/Group of companies, an organisation recognised for its attention-to-detail and progressive approach in boutique property development and construction.
The company’s appointment as Curtin University’s Preferred Contractor for the provision and delivery of Minor Work Services across metropolitan-based campuses, follows a long-term maintenance agreements with local government and agencies and a portfolio of private medium density residential and commercial buildings.
Director of M/Construction, Mr Michael Read, believes the appointment is a significant achievement for M/Construction’s maintenance division. He believes confident Curtin looked favourably on the company’s building registration and maintenance credentials, but is confident the appointment is a direct response to its innovation.
“M/Group has a culture of looking outside the square to improve outcomes and efficiencies. M/Construction took time to evaluate Curtin’s requirements and brought to the table a tender that would take its minor works services to the next level,” he said.
“Our proposition not only delivered a detailed service model and dedicated staff, but also demonstrated the company’s propensity towards the latest technologies and materials, supported by ongoing research and access to new initiatives. We believe this sat extremely well with the Curtin University philosophy.”
As a technically innovative maintenance and minor works service provider, M/Construction uses advanced detection equipment, including thermal imaging cameras, borescopes and drone cameras, which allows the company to conduct initial investigations of concealed maintenance issues (such as rising damp or leaking pipework) and complete maintenance inspections without the need to make penetrations, remove roof or wall sheeting and generally minimise disruption to operations.
Technology also enables detailed reporting on concealed maintenance issues in a matter of hours and the tender was backed by transparent processes and systems accessed by both parties.
The Curtin University contract was won over a number of construction, maintenance and facilities management companies, and will see M/Construction work closely with Curtin’s Properties Facilities and Development staff to estimate, consult, deliver and close out service requests.
M/Construction will be responsible for mostly single trade, single supplier requests with the ability to combine multiple suppliers and licensed trades
“The (Curtin) contract will further demonstrate the scope and flexibility of the company’s capability, which can be applied to a number of environments,” Mr Read said.