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$M^*$ shows up as the cohomology of a space $X$ with an action of $G$. Probably I should rephrase the problem, as this computation is the group cohomology of $G$ with coefficients in the cochains of $X$ (or the $G$-equivariant cohomology of $X$).
Thanks!, your answer completely clarify my question. However, I am interested in spaces that admit a "kaehlerian cohomology class" (your third bullet item) but are not Kaehler manifolds. I thought that projective complex varieties do the job but they are Kaehler as your answer suggest. Do you happen to know an example of what I am looking for? Thanks again!!