As the salesperson at the forefront of boutique property company, Match, Amanda Spagnolo has helped to showcase a countless number of beautiful apartments and terrace homes, ranging in style from urban to heritage and coastal. However, recently one stood out enough for her to make a personal investment.
M/31 Apartments by Match is located in DevelopmentWA’s visionary Shoreline precinct in North Coogee. It is the sister project to its neighbouring and highly acclaimed M/31 Terrace Homes by Match, and part of a three-site design cluster that will create an architectural fusion that interacts with the natural surrounds, connection to the ocean and extensive open space.
Ms Spagnolo was instrumental in the sell-out success of M/31 Terrace Homes, so when the apartments were released onto the market, she couldn’t help but buy one for herself.
“I wasn’t really looking for an apartment, although I am always on the hunt for a great opportunity,” she said.
“Having lived north of the river my whole life, I never thought I would venture south. However, as my work has taken me to Perth’s southern coastal corridor, I have really started to see why people find it so special.
“This part of North Coogee borders South Fremantle and is what the locals call ‘South Beach’, but the price tag is vastly different to the South Fremantle property market. I considered the M/31 apartments to be a particularly good purchase as it is also so close to the beach and all the surrounding amenity.
“After viewing the visionary DevelopmentWA video on Shoreline and what is planned for the area, I was excited about getting on board.”
M/31 Apartments by Match comprise of 28 boutique apartments. It is architecturally designed by well-known and respected Cameron Chisholm Nicol Architects and is said to ‘push the envelope’ when it comes to creating signature residences that maximise the location and space.
The apartment architecture is led by the building’s beach-side location with large balconies to capture shade in summer and sun in winter. All materials and colours are inspired by the surrounding coastal environment.
Managing Director of Match parent company M/Group, Mr Lloyd Clark, said the response from the market has been unquestionably positive. He confirmed that in just a few months, the ground floor apartments had sold out and interest continues to increase.
“This is an impressive building. The top-floor apartments are designed to stand out with a ‘floating’ illusion from the exterior and a ‘pop’ of colour to create impact. Inside, this design feature accommodates a limited supply of split-level luxury-living with dual balcony space and additional features, including a study nook,” he said.
“It’s no surprise that any astute sales consultant or property investor would see value in this development. We wholeheartedly congratulate Amanda on her purchase.”
As an ‘off-the-plan’ offer, all apartment interiors and colour schemes can be altered to the buyer’s taste during the construction phase.
Ms Spagnolo does not intend to adjust the apartment in any way as she believes the ground-floor apartment she secured will deliver great flexibility into the future.
“I’ve been living in apartments for around five years and really enjoy the security and the lock-and-leave aspect of the lifestyle,” she continued.
“While my plan is to live in the apartment, down the track I know that rentals on the coast are always in high demand, so I felt that this was a very safe purchase in both regards.
“I’m looking forward to walking to the South Freo Café strip for a Sunday breakfast. Or just bike riding to the local bakery to get a loaf of bread.”
M/31 Apartments by Match have one and two-bedroom layouts available and are priced from $350,000 for the one-bedrooms and $475,000 for the two bedrooms.
For more information visit www.m31apartments.com.au or call 0432 660 066.
Heirloom Takes Home Another WinRead more
Boutique apartment company, Match, was honoured to take home its third Heritage Award for its work in transforming Fremantle’s iconic Dalgety Wool Stores into unique residential industrial warehouse apartments.
WA Apartment Advocacy hosted the 2021 WINconnect Apartment Awards for Excellence over the weekend celebrating those who have played an instrumental role in introducing Perth to the idea of design and amenity-led urban living through apartment development.
Heirloom by Match is one of the largest heritage renewals in the State, and award judges acknowledged “…Match demonstrated fearlessness and innovation in transforming this heritage building into an exemplar of what the City of Fremantle can expect from future developments of a similar ilk.”
The site had sat largely unused for 20 years prior to completion in 2016 and now with all apartments occupied the judges said the project is “…a charming apartment community that pays tribute to its heritage roots.”
Managing Director of parent company M/Group, Mr Lloyd Clark said the awards are a great honour to be recognised and acknowledged by the industry and peers.
“Drawing on our experience with heritage renewals, we knew from the outset that this project would present challenges, however we also saw it as an extremely important opportunity.
“Match is in the business of developing signature properties. It is our firm belief that people want more from their homes, and today Heirloom residents are creating their own space amidst 100 year old Jarrah beams and original heritage features,” he said.
Heirloom by Match was designed by Dominic Snellgrove of Cameron Chisholm Nicol and constructed by national top tier construction company, Built. The development team worked in collaboration with the City of Fremantle, State Government and heritage authorities to achieve a positive outcome.
“Heirloom is unquestionably one of Match’s most significant development projects in the company’s 20 year history. Its location close to Fremantle’s café strip and between the river and the beach is ideal, and it has helped to activate the City of Fremantle and its growth” Mr Clark continued.
“The renewal process was sensitive in nature and proved extremely complex. However, the recognition and accolades we have received are both humbling and extremely rewarding.”
Match had previously been awarded the Heritage Council’s ‘Conservation or Adaptive Reuse of a State Registered Place’, and the prestigious Gerry Gauntlett Award; recognising an outstanding achievement of adaptive reuse in Western Australia for the Heirloom Apartments in 2017. Match was also recognised with the Gerry Gauntlett Award prior to this in 2008 for its highly acclaimed Home warehouse apartments located in Perth CBD and is responsible for other heritage-listed projects such as Maymont in Maylands and Clocktower in Inglewood, which effectively injected new life into the area, as well as a range of cutting-edge design-inspired apartment properties throughout Perth.
For more information visit www.heirloombymatch.com.au or contact 0432 660 066
Playground Completed | The Wedge, Wellard NorthRead more
The Wedge at Wellard North is coming to life!
We have construction of new stages, homes being built, people moving in and have just completed the landscaped park and playground all with the stunning and protected bushland backdrop as you can see in this video.
Bunnings Warehouse Albany | Construction Completed December 2020Read more
Investors Encouraged to Make the Most of Rental BubbleRead more
Perth landlords are being encouraged to leverage current market conditions that are allowing for significant increases in their rental returns, in order to create new pricing benchmarks for when the Covid-19 restrictions are scheduled to end in March 2021.
The property managers behind one of Perth’s largest apartment rental portfolios, M/Property, said that current market conditions are optimal for landlord-led negotiations, with the industry forecasting a possible 20% increase across the rental market.
They believe that while tenancy and rental freezes as a result of Covid-19 have helped to push occupancy rates to an all-time high, the impact is likely to be ongoing as the market opens up.
Kiarna Blythman from M/Property says the industry has not seen this level of activity in 14 years and believes the environment has given investors a chance to review and reset rental prices after a long period of stability.
“Instead of negotiating rents down, applicants are now offering up to $50 a week more than the asking price to secure the property they want,” she said.
“We currently have just one apartment available and eight coming onto the market with a waiting list on our database. This is in vast contrast to our typical pipeline of 20 to 30 apartments and has given us the opportunity to negotiate a new level of revenue for our owners to lock in fresh agreements that benefit the landlord.”
Based on REIWA data, the average apartment rental rates have leaped from $335 to $355 per week since the June 2020 quarter, with limited stock and increasing population effectively putting more pressure on the market.
“We are very aware that some landlords have been disadvantaged by the Covid-19 policies and have been unable to evict tenants or review rents. However, as the deadline for restrictions will soon be lifted, now is the time for landlords to take action,” Kiarna continued.
“If property owners are successful in increasing weekly rent prices in a time of extraordinary demand, there is a strong possibility their actions will help to adjust pricing benchmarks for the long term. The accelerated pace and total sum of these price shifts may be difficult to achieve when the market opens up again.”
M/Property specialises in the marketing and management of residential apartment leases and currently has a combined experience of some 50 years.
For more information visit mproperty.com.au
Construction Fast-Tracked for New Quest ApartmentsRead more
Perth-based M/Group and its construction arm, M/Construction, have delivered its second Quest Apartment project, Quest Perth Ascot, giving investors a high-profile freehold property and a long lease arrangement with the national accommodation provider.
Although construction of the 112-room apartment hotel was subjected to lengthy planning approval delay and Covid-19 regulations, it met strict building timeframes due to a new development model and building process that saw one floor completed every two weeks.
M/Group Managing Director, Mr Lloyd Clark, said the formula used on the project had been perfected in the development of Quest Joondalup several months prior, and proved critical in an environment that brought with it unexpectedly challenges.
“The M/Construction team used a building process that combined pre-cast concrete walls and a hollow core flooring structure with the integration of construction methodologies and custom-designed features. These had all been perfected during the Quest Joondalup program and, as a result, dramatically cut down construction time,” he said.
“The process allowed for up to 100 people on site at once, and the building program was meticulously coordinated and synchronised to not merely save time and maximise resources, but adhere to new Covid-19 safety regulations. It was an extremely impressive build from many perspectives.”
With concrete floors and toppings poured and cured over the weekend to create self-supporting formwork, the workspace below was obstruction-free for follow-on trades to install framing and services unencumbered.
The process effectively shaved some three to four months off the construction timeline, which meant Quest Apartments could meet their operational deadlines and M/Group could fulfil their investor commitments.
The Quest Perth Ascot project was the result of an $11.5 million development fund managed by M/Group. Its success has been instrumental in building on a commercial relationship with Quest Apartments, which was established after the previous Quest Joondalup project attracted a great deal of praise in terms of finish and quality, including a finalist nomination in the 2020 World Travel Awards.
“We have earned a high level of trust with Quest Apartments by clearly demonstrating our capacity to deliver on what would have undoubtedly been quite a challenging process for other companies,” Mr Lloyd continued.
“We hope this relationship will open many more doors in the future, not merely from an investment opportunity perspective, but for M/Construction as an independent operator.”
The main structure of Quest Perth Ascot officially commenced in January 2020 and the building was fully completed in August of the same year, equating an impressive eight-month build.
Amid unforeseen planning approval delays, strict contract brief requirements and the onset of Covid-19, M/Construction has achieved what many would deem impossible.
The company recently completed its second multi-residential Quest Apartment property, to a standard befitting of its high-profile client, Australia’s largest apartment hotel operator, Quest Apartments.
And despite extraordinary circumstances during the construction program, M/Construction successfully shaved some three to four months off a standard construction schedule to deliver the property both on time and to budget.
M/Construction director, Michael Read, believes few construction firms in Western Australia could have navigated the range of challenges faced throughout the construction of Quest Perth Ascot as well as M/Construction. However, he said innovation and ingenuity is what the company does best.
“M/Construction is today recognised for a range of advanced technologies that we have in place to manage on-site systems and processes to the highest degree,” he said.
“These systems do not merely help us manage onsite activity, they also enable us to evolve as construction professionals. We bring valuable intel from one site to the next, which proved particularly critical in the recent Quest development, where we were working to strict deadlines, unplanned factors and with multiple stakeholders.”
Quest Perth Ascot is a nine storey, 112 room apartment hotel that includes a pool, gym and conference room. It is located on a 2,211sq.m site at 266 Great Eastern Highway, near Perth Airport and enroute to the Perth CBD.
“We had an obligation to meet our client’s operational timeframe. Construction delays were not an option, regardless of the unprecedented circumstances we faced,” Michael continued.
“We pulled out all stops to ensure the property did not merely get completed, but was built to the highest standards possible.”
ONE FLOOR EVERY TWO WEEKS
Perhaps the most remarkable accomplishment throughout the construction program was M/Construction’s capacity to execute a new development model and building process that saw one floor completed every two weeks.
This was achieved by the installation of pre-cast concrete walls and a hollow core flooring structure, together with the integration of construction methodologies and customised design features that had been perfected during the Quest Joondalup program.
Concrete floors and toppings were poured and cured over the weekend to create self-supporting formwork that required no props. As a result, the workspace below was obstruction-free and allowed follow-on trades to progress with the installation of framing and services unencumbered.
M/Construction Project Manager and Master Builder’s Award winner, Joshua Stott, said the process required explicit co-ordination with a large team on site at any given time.
“The onsite activity was electric, with some 100 people on site at once. Where there might usually be a time delay between construction works and the installation of frameworks and services, we were able to coordinate and synchronise these to save time and maximise resources, he said.”
“The efficiency of the exercise effectively knocked up to four months off our construction timeline and helped us make up for time losses incurred at the commencement of the project.”
In additional to pre-cast structures, all openings and frames were prefabricated to meet accelerated time measures. This meant extensive scrutiny of products and materials was required prior to the material’s arrival on site.
ACCOMMODATING COVID-19 REQUIREMENTS
In what would already be regarded as an extraordinarily busy building site, M/Construction was required to shift into an even higher gear to accommodate new Covid-19 procedures.
Newly introduced Government regulations activated the introduction of safety management training to the entire workforce, as well as increased cleaning regimes, additional lunchrooms, scheduled break times and the installation of sinks and hand sanitiser.
As the construction site was considered an ‘essential workplace’, workers were able to continue with their tasks, but needed to adapt quickly to new workplace conditions.
“There was definitely a lot of uncertainty to start with, but we all remained conscious of the job at hand and worked effectively to maintain productivity. Ultimately, over time the availability of our workforce increased as a result of Covid-19 and we were able to leverage this through the construction timetable,” Joshua continued.
MANAGING THE IMPACT ON THE SUPPLY CHAIN
As with many projects of this caliber, Quest Apartments had outlined a strict brief of supply items to be used in the construction of the property.
The impact of Covid-19 saw several of these suppliers close production or become unable to deliver product as previously planned. This occasionally involved critical items and indefinite delays, such as the shipping of building’s lifts from international ports.
“When Australia closed down, it was like starting from scratch in terms of identifying which products could arrive, where there might be obstructions and delays, and what concessions we needed to make to ensure the timely delivery of products,” Joshua recalls.
“What could have been disastrous was made less problematic due to established supplier relationships and systems that enabled us to co-ordinate onsite activities to the availability of materials.
“We ran an extraordinary tight ship, but achieved everything in record time.”
BUILDING ON THE QUEST RELATIONSHIP
The success of Quest Joondalup had established a high level of trust between Quest Apartments and M/Construction with the project attracting a great deal of praise in terms of finish and quality, including a finalist nomination in the 2020 World Travel Awards.
The construction of Quest Perth Ascot has since been instrumental in supporting and building on this commercial relationship, and M/Construction believes its position as an extremely reliable resource that offers more than construction services has been secured.
“It is not enough to be a good builder in this highly competitive and regulated environment. The process needs to be efficient, safe and responsive to stakeholders’ needs” Michael said.
“Quest Perth Ascot is certainly an excellent example where all these factors were drawn on, and it is a testament to the great project team we had working on the job. We thoroughly enjoyed working with Quest Apartments and look forward to assisting them on further developments.”
Quest Apartments has over 43,000 operating serviced residence units in key cities around the world with a further 31,000 units under development. The company’s largest shareholder of 80%, Ascott Limited, is the largest serviced residence provider in Australiasia and is targeting to double its global portfolio to 160,000 units over five years.M/Construction is an award-wining building company that provides design, construction and maintenance services for residential, commercial, retail and government building projects. The company has built a reputation for its work across both M/Group projects and independent third-party initiatives, adding value to all projects.
The Quest Perth Ascot main transfer slab was poured in January 2020 and fully completed by August of the same year, equating to an impressive eight-month build.
For more information visit www.mconstruction.com.au.