Construction on a 56 room (112 key) Quest Apartment hotel in Ascot has commenced following the successful completion of a $11.5 million development fund by M/Group and subsequent settlement of the 2,211sq.m development site. It is the second property undertaken by M/Group for the apartment hotel giant, with the first in Joondalup currently nearing completion.
The Quest Apartment Hotel in Ascot is located at 266 Great Eastern Highway, near Perth Airport and enroute to the Perth CBD. Its strategic location is in close proximity to Ascot racecourse, Optus Stadium, Crown Casino, Perth CBD and Perth airport, and is serviced by a road network that will see some 63,000 vehicles pass the site each day.
The property is being constructed by M/Group’s building division, M/Construction, which is currently engaged on a number of multi-residential and commercial projects across Perth, including Quest Joondalup.
M/Group Managing Director, Mr Lloyd Clark, said M/Group’s recent success and track record in fully subscribing property funds suggests a thirst in the market for secure investments.
“It’s difficult to dispute the investment potential and returns of a project that has a long- term lease agreement with a multi-national operation, as well as an independent valuation uplift created through the development delivery process,” he said.
“Quest Ascot is one of several property funds M/Group has successfully subscribed, largely due to a group of investors that now follow our projects based on our capacity to deliver.”
Quest is Australia’s largest apartment hotel operator by number of properties and is the second largest by the number of rooms. The Ascott Limited (wholly owned by Singapore’s CapitaLand) owns 80% of Quest . It has over 43,000 operating serviced residence units in key cities around the world with a further 31,000 units under development. Ascott is the largest serviced residence provider in Australiasia and is targeting to double its global portfolio to 160,000 units over five years.
The Quest Ascot development project was negotiated by M/Group in an off-market arrangement.
“We are delighted by our growing investment portfolio and the success it has had in recent months. Some of our investment offers have out-performed expectation, which both demonstrates a solid model and market interest for income-generating funds,” Mr Clark continued.
“We are currently working on a number of new opportunities to meet investor demand.”
M/Group is an integrated property organisation that has over $185 million of Investor funds under management with a projected asset value of approximately $1 billion. The company recently expanded its portfolio to the eastern states to add to its string of regional shopping centres with one centre recording an independent valuation uplift of $10.5million in under a year.
For more information or an investment prospectus contact firstname.lastname@example.org or (08) 6380 0400.
Sizing up the future of your land choiceRead more
In the search for a perfect place to build your first home, land size is of course an important factor. However, in isolation, the size of a homesite will not necessarily determine its value in the short or long-term future. Luckily for first home buyers, there are a range of options in the current marketplace that will deliver both land size and investment prospects.
While location and budget are major contributors when it comes to the land purchase decision-making process, few often appreciate the importance of finding an environment that will not merely fulfil the owner’s lifestyle goals, but also increase the value potential of the property for future sae or rental.
Ironically, your dream location might be the best investment you’ll ever make.
By ensuring the home environment appeals to your own personal desires, with features that help it ‘stand out’ in a competitive marketplace, you’re actually giving yourself more flexibility for when life changes might occur in the longer term.
Monument is a boutique land development company that currently has three land options available – each at various stages of development and all with something particularly unique on offer.
Hamelin Park, Secret Harbour
A home by the beach
What Monument does particularly well is introduce land estates in existing communities. When Hamelin Park was introduced in the established suburb of Secret Harbour, the estate was fast-tracked to meet demand for the land.
Today, Hamelin Park is some 80% sold out and literally surrounded by community infrastructure. As stage three comes on the market, savvy buyers will be able to pick up some ‘ready to build’ titled lots from just $179,000 for 331m2 to $200,000 for 531m2 only 3 minutes to the beach.
A home with a spectacular view
Located in the established suburb of Beeliar, Atop takes cues from the environment to create an elevated and interesting landscape for your home, adorned with natural materials, walking paths and majestic Tuart Trees.
Atop offers stunning ocean views and has recently completed its first stage of development, which is already 30% sold out in just 2 months. Monument is currently offering titled lots from 410sq.m to 494sq.m priced from $259,000.
The Wedge, Wellard North
Exclusive release of land
The Wedge is an exclusive pocket of land located in one of Perth’s most well-located and well-serviced areas. Although it is only in its early stages of development with the release of an initial 17lots, the homesites are larger than the market norm, and are located within private estate full of lifestyle features and adjacent to a nature reserve. Construction works are underway and Stage 1 titles will be available mid-2019.
Monument prides itself on its capacity to deliver a well-considered development design that introduce something unique and special into the marketplace. What that means to first home buyers is an enhanced future resale or rental prospect that also ticks any personal lifestyle goal you might have.
Working in close partnership with Western Australia’s leading first home buyer project builders also means you can get access to home packages tailored to your specific needs.
To register your interest for any of the above opportunities, visit www.landbymonument.com.au or call Damyn Strang 0434 070 654.
Quest Apartment Hotel – Joondalup – April 2019 Timelapse VideoRead more
In our latest video update for Quest Apartments in Joondalup, M/Construction has completed 5 levels, with a new level being constructed every fortnight. Also shown is balconies being constructed via scaffold towers.
Not noticeable in the video is level 1 and 2 internals being completed with painting, tiling and cabinets being installed.
Artwork to give urban value to Mount Lawley ApartmentsRead more
A mural created by renowned artist, Kyle Hughes-Odgers, on the wall of the newly complete M/25 Apartments by Match could mean more to property owners than a recognisable addition to the Mount Lawley streetscape.
The large-scale contemporary street-based work located on the corner of Walcott and Burt Streets Mount Lawley, may inherently turn the boutique urban residence into a signature icon, and potentially result in greater market interest and higher returns on investment.
Mr Lloyd Clark, Managing Director of Match parent company, M/Group, believes stunning artwork helps a property to stand out and could add significant value once entrenched into the community psyche.
“Many people are drawn to signature properties; residences that are unique and cannot be duplicated in any way. Architecture and artwork are two of the primary factors that can achieve impact on the streetscape and, therefore, recognition,” he said.
“Add to this a prominent location that instils the building into the community fabric, and you get a limited supply of unique apartments that many would be proud to call their own. That’s what has been created at M/25 by Match.”
The concept for the M/25 by Match artwork is based around the core idea of ‘exploration’, shown through the use of narrative based, pattern and abstract imagery.
The artwork aims to reflect the vibrancy of Mount Lawley with strong links to young contemporary art and culture, and bringing in ideas of identity, community, journey and growth contributing and adding to a strong sense of place within the site location.
Artist Kyle Hughes-Odgers said he wants the viewer to interpret their own experience from the ideas into the final work.
“I don’t paint literal outcomes, but I do base the work on a specific concept. I prefer to only tell the viewer about the concept if they ask and find artwork to be much more engaging if it has room for the viewer to connect or be challenged by the final piece,” he said.
“I think public art is important in all cities as it adds creativity and humanity to the built environment.”
Mr Clark said that M/25 by Match had already sold 50% of its apartments prior to completion and suggests the property and artwork installation will attract a lot more interest now that the doors are open and apartments are ‘move in ready’.
“Match has earned its stripes in producing well-considered, design-centric boutique apartments in places people want to live,” he continued.
“It is a passion that commenced in Mount Lawley over a decade ago and it is so great to be back here delivering another great product.”
The artwork concept on the building is split across two major sections: Location One and Location Two. Location one is a 2D based mural that centres around two heavily patterned figures. The figures interact across a narrative which aims to evoke ideas of connection, growth of the area and the exploration of urban life.
Location Two is a 3D based artwork, manufactured and installed as a large-scale perforated screen. Its grid-like geometric patterns climb to 75% of the height of the building. It relates to location one and represents structure, mapping, the built environment and modern city life., merging into an area representing growth and nature.
M/25 by Match includes spacious apartment layouts available in one-bedroom x one-bathroom and two-bedroom x two bathroom, each with balcony or courtyard and one or two car bays.
For more information visit www.m25apartments.com or contact 0432 660 066.
Rivers Australia triggers flow of improvements at Pialba PlaceRead more
The first in a series of anticipated improvements promised by the new owners of Pialba Place has been announced. Rivers Australia has signed a five-year lease agreement and is scheduled to arrive at the centre in or around August this year.
Rivers Australia is one of Australia’s most recognised fashion brands with stores located across the country.
Mr James Collis, Director at M/Group who is the new centre owner, said the new lease agreement is an early indication of great things to come, as M/Group takes further steps to evolve Hervey Bay’s local community shopping hub.
“When M/Group acquired Pialba Place in February, it did so on the premise of improving the shopping experience for customers with the introduction of a broader retail mix and the creation of an environment to suit a diverse demographic,” he said.
“It’s clear that our vision has already caught the attention of significant retail players such as Rivers. This is not only great for the local community, but also a wonderful indication of things to come.”
Rivers will occupy a space on the left-hand side of the Big W Mall and will complement the affordable fashion offer at the Centre.
Its arrival will prompt a series of relocations of existing tenants and Centre Management is working to ensure minimal disruption.
Group Centre Manager, Ms Cherie Daly, said Rivers is the first of several initiatives being introduced at the Centre, and the community can expect more exciting announcements over the coming months.
“We are extremely grateful to the commitment of our existing tenants who play a significant role in helping us deliver a great outcome for the shopping centre,” she said.
“In the coming months we hope to be announcing more new retailers and plans for a refurbishment. The company has developed a good track record in this regard and we’re so pleased that the Hervey Bay community will be reaping the benefits.”
M/Group currently owns and manages Wodonga Plaza in Victoria and Chester Pass Mall in Albany Western Australia, which both have recently received significant investment through development planning and refurbishment, attracting new tenancies and an improved shopping experience.
Quest Apartment Hotel – Joondalup – Construction ProgressRead more
In our latest construction update you can see a time-lapse from commencement to March 2019. This shows the fast speed of construction for this type of build in just over 6 months.
Wodonga Plaza has released information and imagery on its pending transformation, with news that Wodonga’s first ever food court is fully-tenanted and will create a community meeting place that seats up to 140 people and a recharge station.
The food court will expand on the shopping centre’s existing food offer with three new tenants, including Ichiban Sushi, Sandwich Chef and Kebab Kings
It is scheduled to open shortly after the highly anticipated launch of Best & Less, which will arrive at the Centre on 24th May 2018.
Mr James Collis from centre owner M/Group, said the activity will be the first time the community will get to experience the benefits of the company’s $2million investment. He said the refurbishment will create a much more workable and flexible space, with more announcements to be made in the coming weeks.
“We came into Wodonga to activate this amazing community space and introduce new life into an environment that has endured over decades as a community hub,” he said.
“A great deal of work has been done in securing the right tenancies to provide the local community with a great retail experience. We believe we have got the mix right and very much look forward to delivering on our promise to create something very special for this tight-knit community.”
M/Group is a boutique property company that has made a name for itself throughout Western Australia for identifying property opportunities and using its internal resources in land, residential, construction and assets management to activate and introduce new life into environments.
In addition to the new food and retail offer at Wodonga Plaza, the company is in the final stages of negotiation for a number of fashion tenancies, which will complement the extended leases of existing outlets and secure the shopping centre’s position as a key fashion destination.
Centre Manager, Ms Cherie Daly, said the community response to the changes taking place have been outstanding. She believes the renewed environment will attract more families to enjoy the centre and everything it has to offer as a community hub.
“This is a massive investment for Wodonga, and I think M/Group’s commitment to the community has not been missed on anyone,” she said.
“The Centre continues its great family entertainment program and on completion of the refurbishment works, we will have announced a number of national and boutique retailers. Wodonga Plaza will be completely tenanted and it is a credit to our community for attracting the caliber of retail we will have on offer.
“We thank everyone for their patience during the construction phase and look forward to your support when the doors open to a renewed environment.”
Wodonga Plaza is the site of the region’s original stock sale yard and continues to hold onto its role as a local community hub.
Construction on the site is scheduled for completion around August/September with more announcements to be made in the coming weeks.
The community is invited to follow the Wodonga Plaza Facebook Page and/or subscribe to its newsletter via www.wodongaplaza.com.au for regular updates.