M Group
Heirloom by Match Wins Coveted Heritage Award
Boutique apartment company, Match, stole the show at the 2017 Western Australian Heritage Awards for its work in transforming Fremantle’s iconic Dalgety Wool Stores into unique residential industrial warehouse apartments.
The $130 million heritage restoration project took home awards including the ‘Conservation or Adaptive Reuse of a State Registered Place’, and the prestigious Gerry Gauntlett Award; recognising an outstanding achievement of adaptive reuse in Western Australia.
The project, which was developed in collaboration with Capital Joint Venture Partner, Sirona Capital, is one of the largest heritage renewals in the State, and award judges acknowledged it as a “…massive undertaking that required Match to reach above and beyond to find innovative solutions to conserve and enhance original heritage fabric whilst satisfying building, safety and utility requirements as well as customer expectation.”
The site had sat largely unused for 20 years and the judges said the project is “a testament to the dedication and financial commitment of its owners.”
Managing Director of parent company M/Group, Mr Lloyd Clark, said the awards are a great honour and ‘icing on the cake’ for residents who are now experiencing how it feels to live in the depths of history.
“Drawing on our experience with heritage renewals, we knew from the outset that this project would present challenges, however we also saw it as an extremely important opportunity.
“Match is in the business of developing signature properties. It is our firm belief that people want more from their homes, and today new apartment owners are creating their own space amidst 100 year old Jarrah beams and original heritage features,” he said.
“To be honoured so significantly at the Western Australian Heritage Awards is a credit to the tireless work of the entire project team, who left no stone unturned to make this building as special as it now is. It is an extremely proud moment for M/Group.”
Heirloom by Match was designed by Dominic Snellgrove of Cameron Chisholm Nicol and constructed by national top tier construction company, Built.
The development team worked in collaboration with the City of Fremantle, State Government and heritage authorities to achieve a positive outcome.
Mayor Brad Pettitt said the Fremantle Council is a big supporter of adapting heritage buildings for modern uses.
“It’s hard to imagine a better result than what we now see at Heirloom. After being tired and run down for decades, the east end of Fremantle has become a very attractive place to live and work. The Heirloom development has been a major driver in this ongoing transformation,” he said.
“Congratulations to Match and the development team for their passion and commitment to ensuring our heritage buildings are retained for future generations of people to enjoy.”
Heirloom by Match has retained over 85% of heritage fabric across 183 apartments. It has exposed the buildings infamous saw tooth roof to allow natural light and airflow through a spacious central atrium.
“Heirloom is unquestionably Match’s most significant development project in the company’s 16 year history. Its location close to Fremantle’s café strip and between the river and the beach is ideal, and it has helped to activate the City of Fremantle’s plans to extend Fremantle’s activity centre into its eastern corridor gateway,” Mr Clark continued.
“The renewal process was sensitive in nature and proved extremely complex. However, the recognition and accolades we have received are both humbling and extremely rewarding.”
Match had previously received the coveted Gerry Gauntlett Award in 2008 for its highly acclaimed Home warehouse apartments located in Perth CBD. The company is also responsible for the heritage-listed Maymont in Maylands, which effectively injected new life into the area, as well as a range of cutting-edge design-inspired apartment properties throughout Perth.
Heirloom by Match has available ‘move in ready’ apartments from $450,000 and two-bedroom apartments from $650,000, with a limited number of harbour facing Lofts available from $950,000.
A small number of residential leasing opportunities also exist to approved applicants.
The Heirloom display apartments are open by appointment. For more information visit www.heirloombymatch.com.au or contact 0432 660 066
M/24 by Match Construction Completed
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M Group
M/24 by Match Construction Completed
Construction completion has been achieved at M/24 by Match located in Leederville. The striking façade sits proudly on Carr Place giving this apartment development a presence like no other in the area.
Heirloom Transformation
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M Group
Heirloom Transformation
Construction completion has been achieved at Heirloom by Match located in Fremantle. This iconic warehouse conversion sits proud along the harbour in the popular Port City.
Masterpiece takes FORM at Port Coogee
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M Group
Masterpiece takes FORM at Port Coogee
Construction has commenced on the highly anticipated 50-apartment marina-side complex designed by one of Western Australia’s most reputed Architects in collaboration with the cutting- edge style of boutique property company, Match.
Form is the creation of Geoff Warn of Donaldson & Warn, who is renowned for ‘looking outside the square’ and creating designs that really stand out.
It is located just 50metres from Port Coogee marina and waterfront, and comprises both single and double level, one, two and three bedroom apartments set within a striking façade that makes the most of the surrounds.
Match Managing Director, Mr Lloyd Clark, said the property is already over 70% sold out and believes that anyone who appreciate innovations within the context of a floor plan have found it hard to go back to a conventional boxed-in apartment.
“True to its name, Form makes a statement through creative use of space, light and features. It moves away from the traditional single level apartment to introduce diversity into the environment,” he says.
“The exterior is striking, which speaks directly to the local community and a demand for signature residences. Inside, however, restraint is shown with clean, white and timeless interiors. This is intentionally designed to create a blank canvas for buyers to individualise with furniture and artwork.
Geoff Warn has worked with Match on two previous developments; the highly acclaimed ‘Summer’ and ‘Tempo’ in South Beach. He says Form is blessed with excellent amenity, including a public landscaped space directly opposite and the beach very close, which was used as inspiration to realise the most architectural and lifestyle benefits available.
“Form employs a block formation in response to the site’s geometry and orientation. We have strived to maximise the views and benefits of orientation, and the “blocks” make for a strong clear form that is further distinguished by material differences to give the total development a definite sense of scale,” he said.
“The block arrangement also results in two main entries, and several benefits emanate from a single design strategy.”
Most apartments are north facing with many offer sweeping ocean views. As with all Match developments, each apartment incorporates signature large balconies and high ceilings – features that have become synonymous with the company and its designs.
“Geoff Warn and Match share a common design philosophy and extended design vision that ultimately looks to enhance the streetscapes, particularly in popular beachside suburbs. However, Form is ultimately about the end user and nothing has been spared to create an environment for individuals to put their stamp on and make it their own,” Mr Clark continues.
“Not everyone can picture a completed project from plans, so the construction phase is a great time for us to showcase our vision. We anticipate Form will attract increased community attention once it starts taking shape and people realise how unique it really is. It is truly a rare piece of work”
All apartments feature Bosch appliances and Rogerseller tap ware. Prices start from $375,000 for one-bedroom apartments, and $575,000 for two-bedroom apartments.
Completion of construction is scheduled for early 2018.
For more information visit www.formbymatch.com.au or contact Chris Balmont on 0432 066 066.
M/Group Acquires Albany Brooks Garden Shopping Centre
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M/Group Acquires Albany Brooks Garden Shopping Centre
The acquisition follows a successful renegotiation with key anchor tenant Woolworths to extend a current lease agreement from two to 12 years.
M/Group Managing Director, Mr Lloyd Clark, says the Woolworths lease was significant to the acquisition and adds weight to an already strong investment proposition.
“M/Group has been actively seeking suitable properties to meet an investment criteria that is particularly pertinent to current market conditions. Albany Brooks Garden Shopping Centre stood out as a highly secure income producing investment that targets investor earnings of 10% pa plus strong future capital potential,” he said.
“Woolworths’ extended lease agreement unlocked an immediate boost to the property’s capital. The site also has redevelopment potential with over 2.7 hectares of retail zoned land remaining for future development. It is not difficult to see why our investors were motivated by the opportunity.”
M/Group initially entered the asset funds market in 2013 with the acquisition of the strategically located Officeworks building in Bunbury. This asset also incorporated a blue-chip tenant, long lease and high forecast returns. The fund was fully subscribed within just weeks of its release.
The Albany Brooks Garden Shopping Centre is identified as a neighbourhood shopping centre located on the corner of Chester Pass and Catalina Roads, Albany. It is anchored with national brands that include Woolworths, BWS, Katies, Brumby’s and Chemart, which occupy 80% of the centre by income.
Mr Clark said the level of interest in the recent property syndicate was not unexpected and the company already has similar opportunities on its radar.
“The rate at which income producing property funds over-subscribe is a clear indication that demand continues to be high for these kinds of investments, particularly for investors seeking a low-risk investment class,” he continued.
“To support this activity, last year M/Group appointed property acquisition specialist James Collis as director of income funds. James has been working on a number of similar opportunities and M/Group is already accepting expressions of interest for upcoming investments.”
M/Group’s investment model utilises its retail funds management license to make new opportunities available to a broader market that may not traditionally have access to this investment class.
M/Group targets tenanted assets Australia-wide with a value proposition of around $10million to $50million. The company is currently negotiating the acquisition of some $60illion worth of income producing assets with the release of a new fund currently in the pipeline.
For more information contact James Collis at james.collis@mgroup.com.au or visit www.mgroup.com.au/investments.
More M/Group Heritage After Heirloom Revival in Freo
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More M/Group Heritage After Heirloom Revival in Freo
As reported by Dan Wilkie in Business News today, 19 December 2016.