A brand new opportunity to invest in an income asset fund and partner with M/Group in the acquisition of a newly constructed, fully leased, large format retail property.
Learn more about how this property and its tenants will service their community, while providing investors with a target distribution of 8% p.a paid monthly by visiting: www.boulderpropertytrust.com.au
Four Wins in a Row for M/ConstructionRead more
M/Construction hit a quadfecta at this year’s Master Builders Australia 2021 Excellence in Construction Awards when the company took home its fourth ‘gong’ for ‘Best multi-unit development’; this time for its work on Quest Apartment Hotel, Ascot in the $10-20 million division.
This high-profile, 112-room purpose-built property is the second Quest apartment building to be entrusted by the apartment hotel giant to M/Construction and has significantly strengthened an already strong relationship between the two organisations.
The project faced many challenges, notwithstanding planning holdups with Covid-19 lockdown restrictions, a complete review of all materials and their delivery timeframes due to supplier delays and being located on a busy intersection where traffic management was required.
M/Construction director, Mr Michael Read, said the sheer prestige of the building and the work that went in to finish it to the highest caliber makes this year’s award win even more gratifying.
“Our work is often likened to that of a well-oiled machine, where all the many components are coordinated with such great precision that result often exceeds expectation,” he said.
“In the case of Quest Apartment Hotel, Ascot, we faced enormous challenges that might have crippled another building company. However, our advanced systems and processes were so well executed that we finished the job on time and to an extraordinary standard.”
The development program saw the company introduce a unique construction methodology whereby one entire floor was competed every two weeks, enabling for services to start work weeks earlier than usual.
In assessing the project, the award judges considered quality of construction, project management, value for money, innovation, and site management – all which M/Construction excelled.
The Master Builders Award accolade is equally reflected in the client’s response of being impressed by the process and end results. Shortly after completion Quest was announced as “Oceania’s Leading Serviced Apartment Brand 2020” in the World Travel Awards further highlighting their strong and consistent brand through their premises.
“Many might query what makes M/Construction so different to other companies within the marketplace and the answer is evident in the way we conduct our business towards achieving outstanding results time after time,” Mr Read continued.
“We are extremely pleased by this latest award win, as it truly cements M/Construction’s credentials not only in apartment buildings, but also serviced apartments where quality and consistency are on show.”
“We thank the MBA for its acknowledgement and look forward to working on many more great construction projects.”
The Quest Apartment Hotel, Ascot is an $18.5 million project built on a 2,211sq.m site with a project area of 8,072sq.m. It was completed in just over 15 months.
Exciting First Steps for Young FamiliesRead more
While nothing might be as exciting as a baby’s first steps, when a child’s early milestones coincide with the security of your own home in a supported family-friendly community, there really is cause for celebration.
The Wedge Wellard is becoming a haven for young families and first home buyers who have successfully escaped rising rent rates to secure their own home.
The growing community is located on the doorstep of natural bushland and next door to a private primary and high school. Its parks and playgrounds have already created a welcoming hub for playdates and get-togethers, and a childcare centre is scheduled for completion at the end of this year.
Director of Monument parent company M/Group, Mr John Wroth, said the estate has everything a young family could need and is providing affordable home options at a time when rental prices and availability are putting huge pressures on our community.
“Perth is undoubtedly in a housing crisis and first-home-buyers are amongst the most disadvantaged. Many developers have continued to focus on moving larger lots in the peaking market and too many renters are facing price increases or eviction.” he said.
“Despite the soaring market conditions, we are not only holding our prices, but creating product that will help create house and land packages for under $300,000 – getting families out of the rental cycle and into a growing community.”
The Wedge Wellard estate is half-way complete with Stage 1 sold out and around 70% of land in subsequent releases snapped up.
Stage 4 is the estate’s newest release and has been specifically designed for families and first home buyers to get a foothold in the market.
“Our new release gives owners the added advantage of being located within walking distance to everything. It screams value at a time when affordable housing is extremely thin and interest rates historically low,” Mr Wroth continued.
“We are one of the only developers providing low-cost packages so close to Perth, so it presents an amazing opportunity for first home buyers to get in on the property ladder, which could mean enormous relief to young families.”
Stage 4 incorporates a range of strategically designed ‘skinny’ lots priced from $130,000. The land will accommodate a 3-bedroom x 2-bathroom home, with house and land packages earmarked to be priced as low as $295,000.
“We are so thrilled to see so many families now settled into The Wedge at Wellard and enjoying this very special place. We know that anyone who visits the estate will fall in love with the prospect of joining them,” Mr Wroth continued.
“We very much look forward to welcoming our new group of residents.”
Lot sizes range from 188m2 to 537m2 and titles are expected by August 2021.
For more information visit www.thewedgewellard.com.au or call Damyn Strang on 0434 070 654.