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 Powers into Renewable Energy
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M Group
M/Group Powers into Renewable Energy
M/Group is proud to announce an exciting new chapter in our journey—our entry into the renewable energy sector. Leveraging our extensive property expertise, we are actively identifying and securing prime sites that align with the demands of this dynamic and sustainable industry.
By combining our proven skills in property development with the growing opportunities in renewable energy, we aim to deliver impactful projects that contribute to a cleaner, greener future.
In collaboration with our partners, we are working diligently to finalise plans and are thrilled to share that our first renewable energy project will be unveiled next year.
Panel Approves $140m Workers Village
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M Group
Panel Approves $140m Workers Village
A development panel has greenlit a $140 millions workers village in Broadwood that will add more than 350 dwellings in the City of Kalgoorlie-Boulder.
The Regional Joint Development Assessment Panel today approved MGroup’s proposal to build an essential workers lifestyle village comprising 379 grouped dwellings, a 1.6-hectare communal open space, and recreational facilities.
MGroup’s development application, prepared by town planner Rowe Group, said the village would provide affordable accommodation for the area.
“The proposed development is not a mining camp or FIFO village, and rather the development proposes permanent housing for government and other essential workers who require permanent housing,” the document reads.
“The types of workers that may be accommodated include health workers, educational workers, industrial and supplementary industry workers, and any other workers who provide essential and in-demand services to the local community and economy.”
The project site covers 17.8 hectares of vacant land and is bound by Gatacre and Hart Kerspien Drives, and Kalgoorlie-Boulder Airport.
According to the JDAP report, the site undergoing a Crown land subdivision approval by the Western Australian Planning Commission that includes the amalgamation of the lots and ceding of land for road reserve and drainage purposes.
Despite the city recommending the the JDAP approve the $140 million development, the proposal attracted some backlash from the community.
The city received 82 submissions opposing the proposed workers village during the public consultation period, compared to the six responses in support.
JDAP members unanimously approved the proposed development, subject to conditions including construction of safer vehicle access arrangements.
Housing shortage in regional WA has been well documented in the past couple of years, with MGroup’s essential workers lifestyle village the latest accommodation project in the city.
State Government funds nearly $12 million infrastructure boost for regional workers accommodation.
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M Group
State Government funds nearly $12 million infrastructure boost for regional workers accommodation.
New key worker accommodation projects in Broome, Denham and Kalgoorlie have received a major boost with nearly $12 million in funding from the State Labor Government’s Infrastructure Development Fund.
The $80 million Fund provides funding assistance to address upfront costs associated with connecting essential water, electricity, and sewerage infrastructure, which have constrained development and impacted the viability of housing projects.
Funding has been allocated equally, with $40 million available for key workers accommodation in regional areas and the remaining $40 million available for priority infill developments in key urban areas of Perth.
The Unlocking Regional Worker Accommodation Opportunities stream is designed to address utility constraints, either at the precinct or strategic site scale, which are impacting the delivery of key workers accommodation.
Recipients of the first round of this funding include the Shire of Broome, the City of Kalgoorlie-Boulder and the Shire of Shark Bay.
The City of Kalgoorlie-Boulder will benefit from $4 million in funding that will enable an extension of the main sewerage network to service 66.9 hectares of undeveloped land near the airport.
The land includes a 17.2-hectare site on Hart Kerspien Drive which the City recently resolved to sell to the M/Group for the development of a proposed 400-dwelling residential lifestyle village featuring one-, two-, three- and four-bedroom homes.
Kalgoorlie $140m Modular Workers Village Approved
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M Group
Kalgoorlie $140m Modular Workers Village Approved
A modular village aimed at housing essential workers and easing regional Western Australian housing pressures has been greenlit by the Kalgoorlie-Boulder Council.
The project in the state’s central south drew 89 objections. It will now go to the Joint Development Application Panel in Perth for its final hurdle.
The plans for the 16ha inland site at Hart Kerspian Drive, Broadwood, comprise 393 new modular homes, with up to 100 modular homes to be delivered in the first stage in the next 18 months. It also includes a caretaker’s residence, communal facilities and a pool.
A report to the council indicated there would be a shortfall of 4000 homes in the next decade, with a current gap of 168 homes.
The development would be delivered by M Group, a Western Australia-based developer that has delivered housing estates in other parts of the state.
Mayor Glenn Wilson said the proposed development was aimed at ensuring accommodation for essential workers such as teachers, nurses, doctors and police.
“We envisage that this much-needed development will assist with alleviating the pressures of the current accommodation shortage by providing fast availability of housing,” he said.
“We received 89 submissions during the public consultation period and whilst we have read and appreciate the concerns raised, council voted to endorse the proposal to ensure more housing is made available to sustain the growing needs of our city.
“Overall this development proposal aligns with our vision for securing a sustainable community into the future and we will work closely with JDAP, pending their decision, to ensure a responsible and beneficial outcome for all stakeholders.”
M Group
Renewal Puts Freo On Cusp of Change
What key drivers attracted you to develop in Fremantle and what is it that makes it attractive from a developer’s perspective?
Interestingly, our initial focus on Fremantle raised some eyebrows. In the early days we did significant work building a reputation as an inner city developer. All our projects were strategically located around the CBD and we actively promoted a new form of urban living specific to this area. It appeared in vast contrast to the eclectic beach and port side environment of Fremantle, but to us it held similar hallmarks.
What Match is very good at is identifying strategically located sites with good infrastructure and growth prospects. We laid our first claim to land in the early stages of South Beach Estate because we saw enormous potential.
Many find it hard to pigeonhole Fremantle due to its location and diverse population. However, it is without question a place where people want to live and we believed we could offer something unique to the mix.
Give us a brief overview of your Fremantle-based projects (past and current)
The Summer, South Fremantle – COMPLETED
Australia’s first Green Star Multi-Residential Building offering 36 luxury apartments with ocean views.Heirloom by Match, Fremantle – COMPLETED
Highly celebrated and award-winning adaptive use of Fremantle’s iconic Dalgety Wool Stores heritage building.M/28 by Match, South Terrace, Fremantle – COMPLETED
A boutique development of just 20 apartments and 6 commercial spaces located in the very heart of the eclectic South Terrace community.M/27 by Match, Parry Street, Fremantle – UNDER CONSTRUCTION
A boutique development of just 40 park side apartments and conservation of the heritage listed substation building located in the midst of Fremantle’s historic and cultural centre.Somersault, Fremantle – COMPLETED
An apartment complex of 58 affordable living residences inspired by the materials and textures synonymous with Fremantle.Sublime, North Fremantle – COMPLETED
Just 16 beautifully appointed apartments incorporating exteriors with colours that reflect the nearby “Dingo’ flour mill.Match has also extended its interest along Fremantle’s Coastal Corridor into areas such as North Coogee and Port Coogee including apartments and terrace homes.
There’s now a long list of developments planned or underway in Fremantle – what do you think has recently made it attractive for development?
Fremantle is definitely a place where increased development activity greatly improves the area’s atmosphere and appeal.
As Perth’s second largest CBD, the transition from a tourism and industrial location to a central residential and lifestyle hub has required both good planning and a period of adjustment. As more people are attracted to the area, they stimulate demand for residential product and, in doing so, creates an atmosphere that resembled some of the best and most populous cities in the world.
The factors that today make Fremantle so attractive could not simply be switched on. Match identified the City’s potential a long time ago but knew it would take capacity to build capacity. It is so great to see what has emerged since we arrived over a decade ago.
What are your anticipations for Fremantle’s future property market and the town itself?
Match has invested heavily in Fremantle and, in particular, its coastal corridor. We now have quite a significant footprint of projects in and around the area. We wouldn’t have made Fremantle our focus if we didn’t believe in its growth and potential.
There are very few places in Australia, if not around the world, that offers such a vibrant urban atmosphere with outstanding community infrastructure, as well as access to a coastal lifestyle. This is unique and unique translates to value.
We believe the town will continue to evolve as more people move into the community. Fremantle will continue to be a sought-after location, and quality product will become the differentiator in the property game.
We have been extremely lucky to work with a city council that is both visionary and takes a collaborative approach to development. Good planning underpins the success of any environment, and shutting the doors on development completely could have been disastrous for Fremantle.
What many might not realise is that what we are seeing now is the result of a considered approach that has been in the works for over a decade.
Strategic development sites, such as Heirloom, have been instrumental to opening key areas of the City to the public and reinvigorating the area’s incredible history.
There have been many bold moves taken over the years by the City of Fremantle, so it’s great to see everything come together for them and the community.
Comments by Lloyd Clark, Managing Director of Match parent company M/Group