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
Read moreAmara 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
Read moreSouth 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
Read moreGeraldton 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.
M/Group Launches Investment on South Western Highway
Read moreM/Group Launches Investment on South Western Highway
M/Group is excited to present the South Western Highway Commercial Property Fund – a strategic new opportunity delivering long-term value for our investors.
Located just 28km south-east of Perth’s CBD in Armadale, this 8,237m² industrial-zoned site is set to be transformed into a high-exposure commercial hub, featuring a purpose-built fuel station, bakery, car wash, and automotive facilities.
With lease pre-commitments to national tenants secured for the project and an expected IRR of 11.5% over a 6-year term, the fund offers a compelling investment case.
Positioned on one of Perth’s busiest routes, South Western Highway sees over 20,000 vehicles daily, and benefits from the area’s forecast population growth to 138,000 by 2036.
This is a rare opportunity to invest in a high-traffic, strategically located development backed by strong national tenants and long-term growth potential.
Parry Street Fund delivers 15% per annum to Investors
Read moreParry 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.
M/Group Lifts the Value of its Shopping Centres
An intuitive understanding of the retail sector together with robust investment and tenancy strategies have been credited to the significant valuation uplift received for M/Group’s recently acquired shopping centre assets. The valuation uplift for Wodonga Plaza in Victoria and Albany’s Chester Pass Mall are both estimated at some 15-20% since acquisition.
M/Group shopping centre acquisitions took place throughout 2017 amidst increasing online and local competition. Both centres were sold by major retail conglomerate, Vicinity, as non-core assets. M/Group saw this as an opportunity to secure key assets and add value in important regional hubs.
M/Group Managing Director, Mr Lloyd Clark, believes regional shopping centres serve an entirely different purpose to their city counterparts, and says it is where M/Group’s experience and understanding of the retail sector can really contribute.
“While retail is a changing landscape, shopping centres located in regional areas represent an important social hub where residents go into town to socialise and be part of the community,” he said.
“At acquisition, Wodonga Plaza’s weighted average lease expiry (WALE) was under 4 years, and the centre was facing increased competition with two new shopping centres opening within a kilometer of the location. Vacancies were high and customers were having to cross the border to Albury for certain retailer needs. It was a problematic landscape, but we were confident in our capacity to turn things around.”
M/Group initially conducted a needs analysis and invested funds to the value of $2.5million on a major mall reconfiguration. This introduced a food court, two mini-major retailers and an increased fashion offer.
The company have renewed or signed new leases for over 30 tenancies at the centre within 12 months representing over 60% of the tenancies and lifted the WALE to circa seven years and revitalized the centre with a number of new tenancies. The shopping centre is today poised to be 100% leased by the end of the year.
Closer to home, planning is underway to maximise the potential of the company’s Albany asset. M/Group Director, Mr James Collis, who leads the company’s asset management division, said Albany presented great opportunities particularly in the bulky goods, food and entertainment areas.
“In contrast to Wodonga, which is the fastest growing regional city in Victoria, we see Albany as a more stable and mature market with gradual growth and a great deal of redevelopment potential,” he said.
“Understanding retail behaviours and digging deep into local demographics has enabled us to make considered judgements and decisions that not only protect our investor interests but also create environments that will attract regional shoppers.
“There are a number of plans on the table for Albany, but significant traction has already been made through our targeted tenant negotiations. It is incredible what can be achieved when a clear focus is given to building an asset. Additionally, we have been able to renew, relocate and expand a number of the sitting tenancies at the centre who are now all trading well”
M/Group’s Albany shopping centre includes 2.7 hectares of undeveloped retail zoned land and the company has already negotiated an extended lease agreement with Woolworths and a number of other tenants to achieve its increased valuation.