• Progressed design and marketing for 42-apartment McCabe Street project
• Settled two residential units at Forbes Residences for $4.6m
• Refinanced debt facility, achieving reduced financing costs

Mustera Property Group Ltd (Mustera or the Company) provided an update on its operational activities during the June 2025 quarter (the Quarter). The Group continued with the design development of its 42 apartment, 8 storey, McCabe Street project in North Fremantle, with the marketing materials and display suite near completion, and a sales launch anticipated in Q3 2025. The Group also continued to market the remaining unsold apartments and commercial units at the Forbes Residences project, with two apartments reaching settlement during the Quarter for a total of $4.6m. The Company spent approximately $976K during the Quarter on operating costs, associated with the ongoing development work on its portfolio. Operational overheads totalled $280K, comprising staff costs of $150K and administrative and corporate costs of $130K. The Company also incurred interest and finance costs of approximately $118K during the Quarter. Subsequent to the end of the Quarter, the Company has refinanced one of its existing debt facilities, achieving a reduction in overall financing costs.