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.

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 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.

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.

Read the full article here.

The City of Kalgoorlie-Boulder is progressing with the sale of land to M/Group for their proposed new $158 million residential housing development in Kalgoorlie-Boulder.

Following Council’s Ordinary Council Meeting resolution on 24 April and the subsequent public notice period, Chief Executive Officer Andrew Brien, and Mayor John Bowler on behalf of the City signed and executed an option agreement with M/Group to sell the City owned freehold land to M/Group for the market value of $3,409,540.

Integrated property group M/Group is proposing to build a 400-home residential development in a staged three-year development on 17.2-ha site – Lots 9003, 9004, and 9005 Hart Kerspien Drive.

Mayor John Bowler said M/Group’s proposal strongly aligns with the City’s strategic objectives to make land available for residential development, target population growth, and enhance liveability in Kalgoorlie-Boulder.

“The City is proud to have made land available for development, and we are looking forward to this high-quality residential development coming to Kalgoorlie-Boulder.”

“Housing residential workers is always a priority for the City and given the current accommodation shortage, exploring options for housing development and investment is imperative to ensuring a strong local workforce for the future.”

“The residential lifestyle village model similar to that proposed by M/Group has been used at Osprey Village in Karratha to provide affordable housing and accommodation and could see housing developed and available on the site in a staged format within 12-18 months.”

“The development supports a family-friendly community for essential workers and their families to call home, and in turn supports the economic growth of our city.”

Mayor Bowler also confirmed the proposed development aligns with the residential housing shortage evidenced in the recent Land and Housing Position Paper, which the City partnered with the Kalgoorlie-Boulder Chamber of Commerce and Industry and other key organisations to produce.

The position paper confirmed a future need of approximately 410 dwellings per annum to support a residential population growth of 3.1% and major project investment signaled over the next decade.

M/Group Managing Director Lloyd Clark said it was exciting to be able to bring such a high quality residential development to Kalgoorlie-Boulder.

“Our lifestyle village will consist of one, two, three, and four-bedroom homes in a modern, family-friendly community. It will feature significant landscaping and public open spaces and is designed to integrate with and add to the amenity of the surrounding area.”

“M/Group has a strong track record of providing high-quality residential development, and we are thrilled to be able to help meet housing demand in Kalgoorlie-Boulder.”

M/Group estimates their spend on the project to be approximately $152 million, of which it estimates half would be spent locally in Kalgoorlie-Boulder.

Economic modelling shows the total output including all direct, supply-chain, and consumption effects, is estimated to increase by up to $126 million. The project is also expected to support 100 jobs in the first year and over 80 in each of the subsequent second and third years.

To further support the proposed development the City has submitted a $4 million funding application to the WA State Government’s Infrastructure Development Fund to assist with the required sewerage network expansion.

The City owned and operated sewerage network is currently at capacity due to continuing growth in the region, and without expansion works the proposed residential development will not be able to proceed.

An expansion of the City’s sewerage network is estimated to cost $5.6 million, with the application  for funding being in addition to a proposed $1.6 million co-contribution by M/Group and the City.

The City’s application is for stream three of the Infrastructure Development Fund Unlocking Regional Worker Accommodation Opportunities. This fund aims to remove infrastructure constraints for residential housing development and assist with the provision of housing for key workers in regional towns.

Mayor Bowler said at present, infrastructure servicing costs in regional Western Australia are a major constraint for greenfield sites, and without funding support, projects that need significant new infrastructure are not financially viable.

“If the application for funding is successful the sewerage system expansion would also allow future residential development to occur on an additional 49.7ha of nearby land.”

Construction of the sewerage expansion is estimated to be complete within 8-10 months of commencement, with M/Group advising housing could be developed and available in a staged format within 12 months of securing the land.

M/Group is already seeking expressions of interest from parties who may wish to purchase or rent a property in the new residential development.

Standard City development application notifications, applications, and approval processes will apply prior to works commencing, this may include further public consultation as per development legislation requirements.

Read the full article here.

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.”

Read the full article here.