• Continued progress on Verse on McCabe residential development
• Total contracted pre-sales for the project at approximately $44.1 million
• Marketing efforts for Forbes Residences commercial lot ongoing
• Operating costs of approximately $2,001,000 and marketing costs of $141,000

Mustera Property Group Ltd (Mustera, the Company or the Group) has reported on its operational activities for the June 2026 quarter. The Group continued to advance its 42-apartment, eight-storey residential development, Verse on McCabe, in North Fremantle, with the commencement of early works on site. Total contracted pre-sales for the project now stand at approximately $44.1 million. The Group also continued marketing the sole remaining commercial lot at the Forbes Residences development. The Company incurred operating costs of approximately $2,001,000 and marketing costs of approximately $141,000 associated with the ongoing Verse on McCabe Project and other development and advertising activities across its property portfolio. Operational overheads for the Quarter totalled approximately $546,000, comprising staff costs of $185,000 and administrative and corporate costs of $361,000. In addition, the Company incurred interest and finance costs of approximately $219,000 during the Quarter.

Mustera Property Group Ltd incurred operating costs of approximately $2,001,000 and marketing costs of $141,000.

Mustera Property Group Ltd expects to continue marketing its inventory and other property assets to support ongoing operations and meet business objectives.