M Group
M/Group to Develop and Hold Third Quest Apartment Hotel
M/Group is strengthening its presence in Western Australia’s North West with the announcement of a new investment located in the Pilbara region. This project marks our third collaboration with the Quest Apartment Hotels brand, a fully owned subsidiary of The Ascott Limited, further cementing a successful long-term partnership.
Under our ‘Develop and Hold’ strategy, M/Group will oversee the delivery of this premium accommodation hub, designed to cater to the sustained demand from the corporate and industrial sectors in the Pilbara. By retaining the asset within our portfolio, M/Group continues to focus on securing high-yield, long-term investments in key economic growth zones.
The Quest South Hedland development underscores our confidence in the region and our commitment to delivering institutional-grade assets that support the state’s essential industries.
For more information, visit the Quest South Hedland project website here.
Amara Pre-Sales Officially Launched
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M Group
Amara Pre-Sales Officially Launched
Following much anticipation, M/Group is excited to announce that pre-sales for our latest residential landmark, Amara Estate, officially launched at the end of July 2025.
Amara Estate is a secure, gated community with shared green spaces and residence clubhouse. The primary goal of this project is to facilitate delivery of safe, affordable, climate-resilient homes in a secure, gated community for essential workers in this high priority regional location in the Kalgoorlie-Boulder area. The essential key workers include and aren’t limited to the following industries: childcare, education, emergency services, government employees, healthcare, and retail.
Currently, there are 40 dwellings pre-sold, and 36 dwelling contracted to be leased to the Government Regional Officer Housing (GROH) program. Demand for sales and leasing remains exceptionally strong, driven by Kalgoorlie’s current vacancy rate of less than 1%.
The project is set to move into the construction phase early next year. The Building Contract and Civil Works package has been finalised, and we have secured full project funding through the Commonwealth Bank of Australia (CBA).
South Western Highway Development Update
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M Group
South Western Highway Development Update
M/Group is pleased to provide a timeline update for our upcoming project located on South Western Highway, Armadale. Following extensive planning and design phases, construction is officially scheduled to commence in mid-2026.
This project represents a strategic addition to our commercial portfolio, capitalising on the high visibility and logistical advantages of the South Western Highway corridor. We have commenced finalising Offer to Leases to blue chip tenants: 7-Eleven, Banjos Bakery, Ultra Tune, and Sparkletown Car Wash.
We look forward to breaking ground next year and delivering a project that contributes to the economic growth of the surrounding region.
Geraldton Large Format Centre Reaches Completion
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M Group
Geraldton Large Format Centre Reaches Completion
M/Group is proud to announce the formal completion of the Geraldton Large Format Centre, marketing a significant milestone for the region’s retail landscape. With construction now finalised, we are thrilled to welcome anchor tenants Rebel Sport and Red Dot Home, both of which have officially opened their doors to the Geraldton community.
Beyond providing a premium shopping destination, the centre represents M/Group’s ongoing commitment to sustainable development. The project features a solar array and battery storage system, designed to significantly reduce the site’s carbon footprint and provide energy efficiencies to our tenants.
This integration of renewable energy technology ensures that the Geraldton Large Format Centre is not just a hub for commerce, but a benchmark for environmentally conscious commercial property in Western Australia.
Parry Street Fund delivers 15% per annum to Investors
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M Group
Parry Street Fund delivers 15% per annum to Investors
M/Group is thrilled to announce the successful conclusion of the Parry Street Fund, achieving outstanding results for our investors. Over a 24-month period, the fund delivered a remarkable 15% per annum return.
The success of the fund was driven by the completion and full sale of all 40 apartments and the accompanying commercial space within the Parry Street development.
This boutique project is strategically located in the heart of Fremantle Town Centre, the development is a standout addition to the area. Its premium design and functionality have contributed to revitalizing the local landscape, offering contemporary urban living and high-quality commercial opportunities.
Rebel Sports and Red Dot Home underpin Geraldton Large Format Centre
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M Group
Rebel Sports and Red Dot Home underpin Geraldton Large Format Centre
M/Group are pleased to announce that leading national retailers Rebel Sports and Red Dot Home have been secured as key tenants for our Geraldton Large Format Centre project.
Currently under construction, the project represents a significant achievement for investors in the associated fund with the asset fully leased upon completion.
Bella Build have already commenced site works, with the building set to be completed by mid-next year.
M Group
Another Quest for M/Group
Following a series of oversubscribed investment fund releases, M/Group is seeking to raise $11.5million to support the development of a new apartment hotel with a secure 15-year lease to national operator, Quest.
The Ascot Quest Trust will develop a 112 key Quest Apartment hotel in Ascot. The prime high-profile corner site is strategically located at 266 Great Eastern Highway, near Perth Airport and enroute to the Perth CBD. The location will enable Quest to take advantage of its close proximity to Ascot racecourse, Optus Stadium, Crown Casino, Perth CBD and Perth airport and a number of arterial roads.
Development approval has already been secured with construction scheduled to commence early 2019.
It is the second Quest project undertaken by M/Group, following the company’s success earlier this year in raising $7.6million to develop a 90-key complex in Joondalup. This investment fund oversubscribed within weeks of its release and is now under construction.
M/Group Managing Director, Mr Lloyd Clark, says both projects represent the prospect of a secure investment in a strategic location.
“Quest is Australia’s leading apartment hotel operator, which is 80% owned by Singaporean serviced apartment group The Ascott Limited, a subsidiary of Real Estate giant CapitaLand. This means the secured 15-year lease with further 5-year options is extremely well supported, and the property itself has capital uplift supported by independent valuation,” he said.
“From an investor’s perspective, development risks have been significantly mitigated providing a strong and secure opportunity for investors.”
The overall investor return (IRR) is targeted at 15.4% over an estimated seven-year term and annual distributions are forecast to commence at 10% pa. M/Group is seeking investors with a minimum investment of $50,000 and multiples of $10,000 thereafter.
The property will be constructed by M/Group’s internal building division, M/Construction, which is also building the Quest Joondalup and has prior experience in the delivery of quality residential and serviced apartments. M/Construction was recently named Best New Builder by the Master Builders Association.
“Quest was established in Melbourne in 1988 with one property in Fitzroy, and today has over 150 properties in Australia, New Zealand and Fiji,” Mr Clark continued.
“We believe the Ascot location is a great fit with Quest’s ongoing growth model in WA, and M/Group is delighted to be entrusted by such a reputed operator to deliver on its next venture.”
M/Group is an integrated property company that has over $170 million of Investor funds under management with a projected asset value of approximately $1 billion.
The Ascot Quest Trust offer will open shortly and is expected to fill quickly.
For more information or an investment prospectus contact info@mgroup.com.au or (08) 6380 0400.