M Group
Match Powers Up on New Fremantle Site
Following the success of the iconic “Heirloom” heritage renewal of the Fremantle Woolstores, boutique developer, Match, has acquired the former Fremantle Electricity Substation located at Parry Street Fremantle.
The 2800 sq. m heritage site incorporates an existing heritage building, which will be refurbished and reactivated. The site will also accommodate the development of 40 designer boutique apartments in the rear of the property.
The site was acquired on the back of a Match development fund that oversubscribed prior to its closing date. It follows a series of oversubscribed funds released by Match over the last 12- months.
Match Managing Director, Mr. Lloyd Clark, said the significant investor interest in the company’s development funds and continual sales activity of boutique apartments, suggests demand for boutique product remains unaffected by the perceived oversupply of apartments in Perth.
“There is little doubt that apartment supply figures are skewed due to large-scale project proposals, many of which are backed by first-time developers looking to maximize land availability and density opportunities,” he said.
“Based on our market knowledge, many of these will struggle to achieve the required pre sales for banking finance and ultimately won’t proceed. In contrast, Match continues to meet the banking requirements with the development of truly unique boutique product that represents a limited opportunity to buyers. The Fremantle Electricity Substation is a great example of this and early indicators suggest that product such as this will continue to be in demand.”
A proposed mix of one-bedroom and two-bedroom apartments is included in the plans for the site, and many of the apartments will have a northern aspect overlooking a public reserve.
The anticipated price range for one-bedroom apartments are from $475,000, and Match is currently looking to secure a food and beverage operator for the substation building to complement the development.
“A central food and beverage operation is a great proposition for this kind of development, and is in keeping with the energy planned for this precinct by the City of Fremantle,” Mr. Clark continued.
“Both the power substation and woolstore buildings will be restored to the finest quality, and the combined impact of the two heritage properties located in close proximity, will bring a great deal of character into the gateway of Fremantle.”
The project’s scheduled launch into the market is in mid-2015, with construction late 2015.
Everyone’s Talking About Helm
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M Group
Everyone’s Talking About Helm
With only 2 or 3 apartments available, and settlement taking place within weeks, boutique property company, Match, has delivered on its word on bring ‘coastal living at its finest’ with the completion of its “Helm” development on the Port Coogee Marina.
Its recent completion has given new apartment owners and the community at large the opportunity to see the sheer impact of this striking concept design against the backdrop of ocean.
Match Managing Director, Mr. Lloyd Clark, said it is a design that has certainly not gone unnoticed.
“Everyone seems to be talking about Helm and how it has exceeded expectation based on the concept drawings,” Mr. Clark said.
“It is without question a striking vision of towering white walls against feature bronze slides, and it is very much in keeping with the beautiful nautical environment.”
Helm is a 32-apartment boutique building designed in collaboration with award winning Architects Dominic Snellgrove of Cameron Chisholm Nicol Architects, and inspired by environments such as the French Riviera, where boating, beaching and sophisticated style are part of everyday life.
Its colours and textures reflect the coastal environment, and each apartment has operable louvers, that can be move and relocated by occupants to create a constantly evolving fa9ade.
“The vision for Helm was to create an environment that would match the expectation of living in a coastal, nautical environment. We considered the lifestyle of someone who might have a boat moored at the pier, and how they would look to enjoy the indoor/outdoor lifestyle. This package was wrapped in a sophisticated, open-plan design and the market responded extremely well,” he said.
The introduction of Helm follows a number of boutique apartment buildings developed by Match that have attracted strong sales and the potential for good returns for residents.
“Helm is a great example of the difference between boutique apartments and the high density dwellings. It is unique in structure and has been specifically designed to speak to its residents and their lifestyle goals. There will always be a limited supply of this type of apartment on the market, which creates market demand and points towards a more secure investment,” Mr. Clark said.
“Combine this with a waterfront location close to Fremantle, and suddenly the two propositions are beyond compare.”
The City of Fremantle has almost $1billion in planned investment into revitalizing the City, and an equally significant infrastructure program is being rolled out in the City of Cockburn.
Helm comprises of two and three bedroom open-plan apartments with large balconies and views over the marina, parks and Indian Ocean.
The remaining apartments are priced from $595,000.
For more information contact Chadd Boucher or Charlie Clarke on 0432 660 066.