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
Four Wins in a Row for M/Construction
M/Construction hit a quadfecta at this year’s Master Builders Australia 2021 Excellence in Construction Awards when the company took home its fourth ‘gong’ for ‘Best multi-unit development’; this time for its work on Quest Apartment Hotel, Ascot in the $10-20 million division.
This high-profile, 112-room purpose-built property is the second Quest apartment building to be entrusted by the apartment hotel giant to M/Construction and has significantly strengthened an already strong relationship between the two organisations.
The project faced many challenges, notwithstanding planning holdups with Covid-19 lockdown restrictions, a complete review of all materials and their delivery timeframes due to supplier delays and being located on a busy intersection where traffic management was required.
M/Construction director, Mr Michael Read, said the sheer prestige of the building and the work that went in to finish it to the highest caliber makes this year’s award win even more gratifying.
“Our work is often likened to that of a well-oiled machine, where all the many components are coordinated with such great precision that result often exceeds expectation,” he said.
“In the case of Quest Apartment Hotel, Ascot, we faced enormous challenges that might have crippled another building company. However, our advanced systems and processes were so well executed that we finished the job on time and to an extraordinary standard.”
The development program saw the company introduce a unique construction methodology whereby one entire floor was competed every two weeks, enabling for services to start work weeks earlier than usual.
In assessing the project, the award judges considered quality of construction, project management, value for money, innovation, and site management – all which M/Construction excelled.
The Master Builders Award accolade is equally reflected in the client’s response of being impressed by the process and end results. Shortly after completion Quest was announced as “Oceania’s Leading Serviced Apartment Brand 2020” in the World Travel Awards further highlighting their strong and consistent brand through their premises.
“Many might query what makes M/Construction so different to other companies within the marketplace and the answer is evident in the way we conduct our business towards achieving outstanding results time after time,” Mr Read continued.
“We are extremely pleased by this latest award win, as it truly cements M/Construction’s credentials not only in apartment buildings, but also serviced apartments where quality and consistency are on show.”
“We thank the MBA for its acknowledgement and look forward to working on many more great construction projects.”
The Quest Apartment Hotel, Ascot is an $18.5 million project built on a 2,211sq.m site with a project area of 8,072sq.m. It was completed in just over 15 months.