M/Land Announced as Part of Company Expansion
M/Group (formerly Match) has taken another strategic step towards further diversifying its property company portfolio with the introduction of a land development company, M/Land.
M/Land will focus on identifying and developing boutique infill and green field sites throughout Perth. It is being led by former Port Bouvard Limited chief executive, Mr Johnno Wroth as Director, who brings a background of development approval and delivery across a diverse range of projects.
Mr Wroth says M/Group shares his philosophy of looking outside the square to meet the market and maximise the potential of development sites of various scales and sizes.
“Smaller sites tend to be ignored or don’t receive a great deal of development attention. M/Land, however, see these sites as opportunities to take a less conventional approach to development and offer greater innovation and amenity, effectively filling the gap between an apartment and traditional home site,” he said.
“Together with the Government’s support for greater infill density and long-term population forecasts, strategic opportunities for small lot infill subdivisions and group housing sites now exist, which is great news for landowners looking to reinvest in their property or capitalise on land assets.”
M/Land’s goal is to create environments that reflect the design-inspired features synonymous with sister apartment development company, Match. It is currently working on a pipeline of some 250 lots with an end value of around $60 million and will also offer development management services and joint venture opportunities.
M/Group Managing Director, Mr Lloyd Clark, said the introduction of M/Land forms part of the company’s ongoing growth strategy and reflects an organic expansion that has taken place over 15 years. He believes the new land opportunities are likely to attract the attention of land buyers and investors alike.
“M/Group’s business model has always been sound and measured. It has supported consistent growth for over a decade and the company is currently inviting investors to invest in land development funds with targeted investment annual returns of between 18% and 25%,” he said.
“M/Group is also exploring the prospect of growing its capital base and shifting its fund raising focus from project level to building increased corporate capital.”
M/Group comprises of five operating business units, including established boutique apartment developer, Match, real estate and property management services, M/Property, construction firm, M/Construction, finance broking company, M/Finance and M/Land.
M/Land is forecast to launch its land development projects in 2016.
For more information visit www.mlandestates.com.au