Commencement of Ascot is finally underway.
In our latest construction update, 500m3 of “grey gold” cement has been poured within one day. This raft slab pour forms the building envelope and is an extremely solid foundation for the eight-storey serviced apartments that will be built.
Two apartments emerge at ‘sold out’ South TerraceRead more
Just weeks before M/28 Apartments by Match on South Terrace is complete and becomes ‘move in ready’, two luxury apartments have been made available in a complex that ‘sold out’ within months of release.
M/28 is a mixed-use building comprising of just 20 boutique apartments on the popular South Terrace coffee strip. The building is deliberately designed to present as understated with naturally inspired materials and palette, which take inspiration from the Fremantle culture and nearby heritage-listed community hot-spot, The Local.
Mr Lloyd Clark, Managing Director of Match parent company M/Group, said the decision to release the remaining two apartments was not originally planned by the company, but provides new opportunities for those wanting to live in arguably Fremantle’s most cosmopolitan location.
“The apartments attracted overwhelming interest when we released them. It was clear that the opportunity to live in such beautifully designed apartments in the heart of Fremantle’s busy café strip was extremely attractive,” he said.
“No doubt there were many disappointed parties who missed out on securing an apartment in this tightly held location, which makes the current release an even more exciting prospect for many.”
The apartments have been designed in collaboration with respected and award-winning architects David Barr Architects and Cameron Chisholm Nicol Architects.
Every design detail has been considered to deliver an understated and functional design statement that reflects contemporary coastal living with high quality finishes, such as timber, engineered stone benchtops and concrete-porcelain tiles. The apartments also achieve a comparable 4-star Green Star rating; an aspect sighted as extremely important to people living in the area.
M/28’s exterior façade continues the natural theme which incorporate timber screens. This feature is reflected in the lobby with timber ceilings and concrete-look finishes.
The property also includes commercial sites on the ground floor, offering a potential ‘live and work’ option with an extremely visible South Terrace street frontage.
“The release of the last two apartments at M/28 by Match and availability of commercial space on the ground floor opens a lot of doors for those who really want to embed themselves into the Fremantle culture,” Mr Clark continued.
“This new release is without question a highly attractive proposition that is unlikely to last very long.”
The site falls within the development zone approved for a street upgrade and revitalisation by the City of Fremantle. This includes additional trees, landscaping and upgrade to footpaths between South Street and Douro Road.
M/28 by Match is due for completion in June, and is open for viewing now.
For more information visit www.m28apartments.com.au or contact 0432 660 066.
Construction Commences on M/Group’s Second QuestRead more
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.
Saving for your dream homeRead more
Without question, making sure you dive into the current market before prices begin to rise should be a top priority for first home buyers, but it’s also about finding a personal lifestyle fit.
Looking for a location with well-established community infrastructure is often more important than the size of land itself. Smaller more boutique developments can sometimes see greater price growth into the future than much larger projects on the outer regions, even when they may initially appear more price competitive, make sure you do your homework on the area.
It is also important to understand how much you can borrow and your budget. Working closely with a mortgage broker can quickly provide you these answers and the right loan for you to get into your dream home easily.
A Quintessential Apartment Project in the Heart of Perth
As one of Perth’s most iconic neighbourhoods, Mount Lawley provided ample inspiration for a multi-use development created by award-winning M/Construction, part of M/Group. The three-storey M/25 by Match, located on the main road (Walcott Street), comprises 30 apartments plus six commercial units on the ground floor.
According to director Michael Read, M/25 drew its design vision from the suburb’s Federation-style red brick and terracotta homes. It incorporates natural light and cross ventilation into the apartments via the landscaped, central courtyard. The apartments’ décor includes black and white surfaces with elegant fixtures, creating a contemporary design with the end-user in mind.
As a company aligned to M/Group’s own industry-leading values, Cameron Chisholm Nicol was engaged to design M/25 – and they remained true to Mount Lawley’s heritage. The façade uses contrasting shapes, materials and colours to link the lively urbanism of Walcott Street, and create a strong corner presence that is set to become “a local landmark, offering architecturally-designed living in a convenient and desirable location”.
The main challenges faced by M/Construction centred on site constraints and logistics. “There was very limited lay-down area for materials” notes Michael Read, “and we only had one-side access during the duration of the build. This meant that all deliveries of materials had to be thought out and scheduled correctly. These would coincide with the requirement to have regular mobile cranes onsite and traffic management to coordinate traffic flow.”
“The design also changed from masonry brickwork to pre-cast panels for the neighbouring boundary wall – to eliminate potential issues impacting the next door property – so construction methodology had to be adjusted to ensure there was a good continuity of work and to maintain program deadlines.”
This eliminated potential safety issues associated with masonry construction, and also removed the requirement for complicated scaffolding in this area.
Highlighted Project Aspects and Cutting-Edge Features
Danpalon was used as the weather-proof backing material behind the perforated artistic screen at the building’s main entrance, “which provides a unique look to the building from the inside during the day, and the outside during the night”.
Black finish aluminium SHS sections were installed throughout many of the external openings (windows and balconies) to create a picture-frame effect on the building’s façade; and a smooth set plaster finish was applied to the external ground floor walls to create a point of difference from the other levels. As part of City of Vincent’s requirements, an art contribution was designed to include a wall mural by renowned Australian artist Kyle Hughes-Odgers. The brickwork walls also provided added appeal in comparison to the stud frame plasterboard walls.
Elsewhere, an Acratex texture coat was applied to the external surfaces of the building, and an Acrashield coating was applied over the Acratex texture coat to ensure long-lasting added protection. This was substituted for skim coat in areas that M/Construction believed would have had issues with weather damaging the skim coat.
M/Group is highly respected for its solid commitment to sustainability, and the M/25 project is emphatically at the forefront of industry standards in this respect.
“We strived for minimum waste by choosing specific products and ensuring all were accounted for during the build,” notes Read. “We used products that will ensure longevity for the building and reduce maintenance/replacement of materials.
“Upgrading the water-proof coating to the level one landscaped courtyard area ensured that we would not have to worry about potential leaks and added maintenance to the car park area below, now and into the future.” All appliances installed have a high WELS and Energy star rating.
One of the key successes achieved during construction was an ability to assist the client with design changes to upgrade areas of the building that M/Construction believed needed attention.
“Re-designing the lobby area and incorporating a decorative timber panel ceiling not only improved the overall look of the lobby but also elevated the appeal for the end-users.
“Taking on the mechanical ventilation as D&C, and simplifying it, reduced costs and eliminated the requirement for additional maintenance works during the life cycle of the building. In addition, we re-designed the courtyard landscaping area to be less busy and more aesthetically appealing.”
With Cameron Chisholm Nicol also highly regarded as an award-winning architectural practice that aims to place people at the centre of its design philosophy, the completed M/25 project was ultimately a perfect fit for its portfolio… “Unique residential projects that demonstrate refined aesthetics underpinned by efficient space planning and a rigorous attention to detail. The result is liveable, functional apartments that respond to our unique climate and lifestyle.”
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