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.
Construction Commences on M/Group’s Second Quest
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 info@mgroup.com.au or (08) 6380 0400.