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.
Heritage Wool Store a Chance for Unique Commercial Creation in FremantleRead more
Once the nerve centre of Fremantle’s wool industry, this landmark heritage warehouse provides a blank commercial canvas and opportunity to create the next chapter of history.
Redeveloped by M/Group as Heirloom by Match in 2016, the former Dalgety Wool Store has been transformed into a New York-style industrial warehouse with 183 completed residential apartments and a dual-use commercial space, which has been listed for sale at $1.6 million.
The commercial site, which has been pitched as a café, restaurant or wine bar, offers 260sqm on the ground, with a soaring six metre ceiling height creating potential for additional floor space with a creative mezzanine or extra floor.
Largely unused for two decades, the Dalgety Wool Store has stood as a significant icon in the port city’s streetscape for almost 100 years.
It was originally part of a group of wool stores that occupied the entire street block and is now the only remaining one adjacent Fremantle Harbour.
Monumental in scale and form, the property was built in 1923 to cater for WA’s burgeoning wool industry from the end of World War I until the late 20th century, and was commandeered by the US Navy 7th Fleet as part of the combined allied World War II effort.
M/Group director Lloyd Clark said the $130 million Heirloom redevelopment had leveraged the existing structure to create a unique warehouse conversion.
Mr Clark said while the listing at 184/51 Beach Street had been positioned as a commercial enterprise, the dual zoning also fostered the prospect of a residential conversion.
“This particular listing…has created interest around the endless possibilities for a custom fit-out whilst designed around the exposed feature heritage red-brick, the 100-year-old jarrah columns and the exposed timber ceiling,” Mr Clark said.
“The space boasting 100 years of genuine Fremantle history lends itself to use as a café, restaurant, gallery, wine-bar or even a funky office. As the space is a shell, a complete custom fit out is available for the buyer.”
Mr Clark said the redevelopment paid homage to the building’s history.
“It was a goal to retain as many of the heritage elements as possible throughout the building and this was achieved by keeping or re-using over 85% of the original heritage fabric,” he said.
“New York-style conversions have become popular in recent years especially when considering living and/or working in a genuine warehouse environment, a limited prospect in Australia when compared to overseas.
“Developers had previously been hesitant to touch historic fabric due to the risks and unforeseen costs compared to the low cost, high profit ‘cookie-cutter’ buildings that were materialising across the city.”
Design experts say heritage renewals have long been popular for businesses and commercial enterprises, but required an astute architect with foresight and respect for the history of the property.
Nedlands architect Suzanne Hunt said there was a sense of romanticism associated with refurbishing historical buildings, despite the obvious constraints of working within heritage protections.
“There’s a romance about it,” Ms Hunt said. “People just love heritage buildings.”
“If you go into a heritage building that has been refurbished well by an architect, you have this wonderful feeling of history. There is this wonderful layering of history, the old and the new, and I think that gives a lot of opportunities for different types of design that has more of a depth of design in it.”
“Heritage buildings give character and it doesn’t matter what purpose or business you’re putting in there, you’ve got this wonderful sense that the building is old, it has its own history and you’re just making more history.”
Ms Hunt said refurbishing heritage buildings was possible while remaining cognisant of the heritage listing and ensuring respect for the old fabric.
“If you’re putting a refurb or buying a heritage building, there’s a fallacy that you can’t do anything. That’s actually not true,” she said.
“Good heritage design is saying we’re going to respect the old building and we’re going to put something contemporary…If you understand the history of the building, you can reinterpret that history in a contemporary way through your design.”
By Nicole Cox, realcommercial.com.au, 3 June 2021
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
Perfect for Como DownsizersRead more
Known for its large stately homes and idyllic river-side setting, Como is undeniably one of Perth’s most enviable addresses and, over many years, has proved itself as a perfect environment for hundreds of families. However, as children grow up and leave the nest, residents have invariably been forced to look outside the suburb boundaries to accommodate downsizing.
M/26 by Match is a boutique apartment complex located in the heart of Como. It is designed specifically for people who are well-accustomed to quality living and partial to staying in an area that has served them well for decades.
Mr Lloyd Clark, Managing Director of Match parent company M/Group, said the company’s market-led design process identified a fairly significant gap in the Como marketplace. He believes the M/26 by Match apartment complex has delivered a highly sophisticated and inviting environment that is perfect for people wanting to downsize.
“We couldn’t imagine living in a suburb for most of our lives only to find it had very few home options for when it became time to downsize. The challenge for us, of course, was to create an environment that could make the transition from large home living to an apartment as simple and stress-free as possible,” Mr Clark said.
“You only have to visit the M/26 by Match display apartment to experience a standard of luxury that is unique, not merely to Como, but across Perth.”
M/26 by Match comprises just 40 stylish and well-considered apartments, most with exquisite views of the Swan River and Perth City.
It is located within a tree-lined street just minutes’ walk from the popular café strip and famous art deco Grand Cygnet Cinemas, as well as a short stroll to the Swan River and easy access to the Freeway and CBD.
“Each luxury apartment has been designed to exude elegance and sophistication, with an importance placed on space, light and airflow. Attention to detail has been paramount, as our intention was to create an atmosphere that melded into the Como environment,” Mr Clark continued.
“And while the apartments have been designed for a downsizer market, there are many other market groups, such as young professionals, who are attracted to these qualities and the proximity to Perth’s CBD.”
Internally, there are two colour schemes available; light and airy Hamptons-style and bold and moody Manhattan. All finishes are of a high quality with floorplans that allow each apartment to open up and make the most of the stunning location with full-height glazing.
“The apartments and their location have already proved to be extremely popular with residents. This has been particularly beneficial for those who opted to use their apartment as an investment. Renters just love the space and many opportunities have been snapped up after the first opening,” he said.
“As a design-focused apartment developer, it is truly a pleasure to offer such an acutely niche and beautiful property to the market. We welcome all our new residents and wish them the very best in their next stage of life.”
M/26 by Match includes one and two-bedroom apartments with large balconies, high ceilings and stunning sunscreens. The building has created a distinctive addition to Mary Street, Como, with the installation of a stunning artwork sculpture by Ayad Alqaragholli at its entry.
For more information contact www.m26apartments.com or call 0432 660 066.
Three Awards in Three Years for M/ConstructionRead more
As the dust settles on this year’s coveted Master Builders Western Australia Excellence in Construction Awards, M/Construction is making more room on the shelf for its third victory in the same amount of years.
This year, our dynamic building company took home the award for ‘Best Multi-Unit Development between $5-10m’ for its work on the sophisticated and understated M/28 by Match in South Fremantle.
Designed by David Barr from David Barr Architects alongside Cameron Chisholm Nicol Architects and developed by Match, this latest award puts a spotlight on the attention to detail that M/Construction is increasingly being recognised for.
It also provides even greater assurance for those seeking to engage M/Construction in private building contracts, or those looking to buy an associated Match apartment ‘off-the-plan’.
Lloyd Clark, Managing Director of parent company M/Group, has reflected on the significance of a third win in three years, particularly in light of the highly competitive construction environment.
“To receive the assurance of a high-quality builder is arguably the most important factor when making building decisions or buying an ‘off-the-plan’ apartment,” he said.
“M/Construction has consistently delivered not just high-quality work, but a standard of construction that has attracted the attention and kudos of the industry at large.
“This latest award is a testament to the unique systems and processes the company has in place. We are extremely proud of M/Construction’s ongoing achievements and what it means for its internal and external clients.”
Director of M/Construction, Michael Read, is thrilled by the acknowledgement and recognition from industry peers.
“Being able to repeatedly impress the judges over consecutive years says that the result is not by chance,” Michael said.
“We have an incredible team behind each project, backed by processes that ensure that nothing is overlooked.
“We truly believe we have introduced a new standard of building methodology to the landscape, and it is so great to be recognised for it.
In 2019, M/Construction won the Best Multi-Unit Development between $10-20m for Form by Match, Port Coogee and in 2018, the company took home the award for Best Multi-Unit Development between $10-20m for M/24 by Match, Leederville.
M/Construction is currently working on the construction of M/27 by Match in Parry Street, Fremantle and is available for discussions regarding independent opportunities.
Developers Building on HistoryRead more
There was a period in Perth where development and redevelopment were so fast paced that many valuable heritage properties were left so decrepit that they would ultimately be sanctioned for demolition.
Developers were hesitant to touch historic fabric due to the risks and unforeseen costs compared to the low cost, high profit ‘cookie-cutter’ buildings that were materialising across the City.
Match was born in the thick of this era. We were young and passionate about saving Perth streetscapes from bland, investor-driven apartment buildings. We wanted to build a legacy of design-centric projects that would bring interest and diversity to the landscape.
Adopting heritage rejuvenations into our portfolio was a natural fit and relatively easy to acquire based on the lack of industry interest.
Match became a trailblazer for heritage renewal projects in Perth and our work in this area today extends to property designs that pay homage to the site’s former use or the significance of the location, such as M/24 by Match in Leederville, Metropolitan in Mount Lawley, Sublime in North Fremantle and Johnson & James in Guildford.
A brief overview of Match’s heritage projects:
Corner of Milligan & Murray Streets, Perth
HOME still stands as one of Perth’s most impressive heritage renewals and a turning point that triggered many more heritage restoration projects throughout WA.
The 1927 warehouse building was introduced by the tobacco giant, W.D. & H.O. Wills and originally designed by local architects Oldham, Boas & Ednie-Brown; a firm reputed for over specifying to achieve design quality. It was constructed with reinforced concrete behind a beautiful facade, it is an excellent example of ‘Interwar Chicago-esque’ architecture featuring decorative mushroom columns unique to the era.
Match transformed this landmark site into 30 warehouse apartments, 37 adjoining terrace apartments and boutique commercial space, retaining some 95% of original heritage fabric, including a unique structural system that introduced the first mushroom headed slab on large diameter concrete columns constructed in Perth.
919 Beaufort Street, Inglewood
The Clocktower was originally built in 1936 in an architectural style known as ‘Inter-War Art Deco’. It was later used as the Civic Theatre Restaurant before being left largely unoccupied for many years.
The highly sensitive heritage rejuvenation project effectively transformed a local landmark into a boutique complex incorporating 28 apartments and four retail shops.
Specialist work was also required to locate a clock expert with the correct credentials to resurrect the signature clock, which was restarted in February 2008
Corner of Whatley Crescent and Eighth Avenue, Maylands
Maymont represents a major milestone for Maylands on a site that had been left decrepit for some time. The vision was to create a heart for the area and drive the inner-city culture to the area’s main strip, with architecture reminiscent of its hey-day in the 1920s. While much of the building’s structure could not be preserved due to many years of neglect, Match restored the heritage façades and introduced 42 apartments and 16 commercial spaces. The restoration program would be the start of the beautification process for Maylands, creating what is a today a hub of cafes, restaurants and bars.
36 Queen Victoria Street, Fremantle
Unquestionably one of Perth’s most significant heritage renewal projects in modern times, Heirloom is the award-winning heritage restoration of Fremantle’s iconic old Dalgety Woolstores, which sat largely unused for some 20 years.
The prominent structure located on Fremantle Harbour created a high-profile gateway to the City along Queen Victoria Street. It holds an important place in the City’s history and is most famous for its saw-tooth roof, classic red brickwork and 100-year old Jarrah beams.
The $130 million redevelopment leveraged the existing structure to create 183 spacious one and two-bedroom warehouse apartments, retaining over 85% of the original heritage fabric.
What were the key factors that drew you to these properties?
As a boutique apartment developer, Match works on the premise that the long-term investment value of a property is determined by its uniqueness and limited supply.
The simple fact is that you cannot manufacture heritage fabric and people will pay a premium for being able to acquire something distinctive and irreplaceable.
Location is, of course, always a factor, and when combined with a depth of character and history, we strongly believe these projects are worth the investment.
There was some time that developers wouldn’t go near heritage buildings because of all of the conditions surrounding it – what changed and did this influence your appetite for heritage?
In a development era that could be easily defined by its lack of sensitivity to good design and the legacy this would have on Perth’s streetscapes, there was certainly a case for ‘testing the water’.
It was new territory for most developers and, as a young company on a mission to disrupt the status quo, we took on highly ambitious heritage projects and were able to demonstrate both demand and return on investment.
Our success was supported by global shifts towards apartment living and a number of high-profile warehouse renewals around the world. Buyers were starting to view apartments as a lifestyle choice and developers needed to meet this market with unique and appealing propositions.
As a developer, what are the benefits and what are the challenges of developing heritage properties?
It is truly humbling and often breathtaking to see heritage fabric restored and repurposed for 21st century use.
The architectural values and depth of character inherent in these properties are timeless and, quite frankly, magnificent. Many discoveries can be made throughout the construction process that can add to the building’s story, such as an original wool-bale hoist and a railway track uncovered in the basement of Heirloom.
However, any adaptation of a retained building needs to satisfy current codes, modern facilities and environmental standards. This sometimes presents challenges for our architects to accommodate such requirements without compromising the usability, functionality, originality or attractiveness of the property.
At the Home building, our architects needed to work around enormous mushroom headed columns, and Heirloom, where services were ultimately hidden in a false flooring structure so that the Jarrah roofing and original beams could be exposed.
Are heritage projects more attractive for buyers?
Our experience is that the market is attracted to high quality, unique and boutique product which is much more enduring than that of high density, standardised developments.
Well executed heritage renewals elicit an emotional response and sense of connection that is so important in property sales. We find that people are really excited about owning an apartment that has heritage features that cannot be duplicated.
This was evidenced in the early release of Heirloom ‘off-the-plan’ apartments, which exceeded rigorous sales targets with over 70% of apartments selling prior to the commencement of construction.
There will always be a market that values heritage product over anything else.