Mirvac Announce new Partnership With Co-Working Company to Boost Innovation


Mirvac has announced a new national partnership with co-working company York Butter Factory to help boost Australian innovation. 

The partnership, "Hoist", will launch at Sydney's Australian Technology Park (ATP). With the help of the York Butter Factory's expertise in the area of creating co-working communities, the space at the Australian Technology Park will provide a collaborative work style with a mixture of higher density co-working desks, team spaces and workshop and events space in a first-of-its-kind model in Australia that will bring together various communities, corporates, incubators and accelerators at the Locomotive Workshops.

Mirvac General Manager of Workplace Experiences Paul Edwards said the partnership will help to create a wider Sydney startup cluster, complementing the NSW Government’s entrepreneurial hub in the CBD announced last week.

“At the Australian Technology Park, start-ups will access extensive support and advice to ensure their business grows, with direct access to the already established technology and start up ecosystem that exists at the precinct.

"We’re strongly aligned with the NSW government’s plan for a complementary portfolio of Innovation Precincts, extending the support to scale ups and growing the start-up cluster beyond Sydney’s CBD."The Hoist partnership has plans to roll out nationally after the initiative at the Australian Technology Park has been established. York Butter Factory Founder Stuart Richardson said the unique environment and range of stakeholders present at Australian Technology Park made it the perfect location for a sustainable entrepreneurial precinct.

“We’re in the fourth industrial revolution where technology is seismically changing all industries. [The] York Butter Factory sees the launch of Hoist as a positive step toward equipping Australian companies with the tools they need to thrive in this new environment.

"Hoist and its tenants will aim to be ahead of the curve when it comes to whatever changes and disruption comes to the forefront of the global economy.”

Edwards said a successful smart precinct moves away from the homogenous use of a space and mixes start-ups, corporates, entrepreneurs, the latest technologies and new property strategies to form a hybrid, allowing cross-collaboration and sharing of ideas.

Around the globe we’re seeing a transformation in the way people work, the way businesses manage their workforces and the way developers create workplaces and office precincts.

"The rise of the gig economy, as well as increasing mobility and connectivity are leading to an evolution in the way we operate. Adapting to these changes is integral to our success and the results we deliver for our customers, and the cities and communities we operate in," Edwards said.

Hoist will be open from August 2017, with approximately 50 seats for corporates and start-ups. The Locomotive Workshops will provide flexibility for Hoist to grow, with the space expected to expand exponentially through 2020 alongside the Australian Technology Park's rejuvenation.

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