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.
M/Group Launches Investment on South Western Highway
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M Group
M/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
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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.
M Group
M/Group Acquires Third Sub-Regional Shopping Centre in Queensland
M/Group has acquired a third sub-regional shopping centre asset, Pialba Place Shopping Centre in Hervey Bay, QLD. The acquisition was made as part of an investment model that has already proven highly successful in the first two of its shopping centre assets.
The Centre was acquired in an off-market transaction for $36million, of which $22million was raised through a company-managed property investment fund. The purchase price represents a yield of approximately 8% on passing net income. The asset is 3.5 hours drive from Brisbane at the gateway to Fraser Island and located on a 4.38 hectare site that occupies an island block surrounded by three street frontages.
M/Group Managing Director, Mr Lloyd Clark, said the site was identified for its development potential and possesses the same return prospects as the company’s current shopping centre portfolio.
“Our model is to acquire assets that provide strong income returns to our investors whilst implementing strategies that reposition the assets. We first look to acquire assets with solid fundamentals and overriding lease covenants that also offer value add opportunities that can improve both the shopping experience and investment returns,” he said.
“The model has already proven successful at Wodonga Plaza in Victoria, which recently recorded an independent valuation uplift of $10.5million in just over a year. We also expect similar results from our WA Asset in Albany, Chester Pass Mall, following the announcement of development plans and an agreement with an ASX National retail group to relocate its premises to the Centre.
Wodonga Plaza was acquired for $ 43.5 million in 2017 and is now operating at almost 100% occupancy. It’s increased Weighted Average Lease Expiry (WALE) has gone from under 4 years to just over 6 years.
Albany’s Chester Pass Mall received a valuation uplift of $5 million from its original purchase price of $20million, again on the back of a ‘hands-on’ leasing strategy. M/Group is expecting a further significant valuation up-lift following the agreement with an ASX National retail group, as well as pursuing other tenant negotiations to further improve amenity at the Centre.
M/Group Director, James Collis, who manages the company’s assets, said M/Group has already identified a number of opportunities at Pialba Place that could further increase the shopping centre’s capital value in the short, medium and long term, including a gap analysis that provides several opportunities for future retail.
“Pialba Place is extremely well located and backed by a good local economy, growing population and a number of blue-chip tenants, including Coles and Big W. This, of course, is pivotal in providing secure long-term income,” he said.
“M/Group is already working on plans to reposition the Centre, including investing in a refurbishment. We take a very hands-on management approach to back filling and renegotiating tenancies for immediate gains.
Settlement of Pialba Place took place Friday, 8 February 2019.
M/Group incorporates expertise in built form and land development, construction and building maintenance, funds management and property management.