Knight Frank’s Asset Management Services (AMS) team in Perth has been tasked with managing the Shire of Murray-owned Food Innovation Precinct Western Australia (FIPWA).
The FIPWA – located 70 kilometres south of the state capital in Mandurah – is a facility aiming to play host to industry breakthroughs through the development of new products and exports.
The facility has been in operation since February 2023 and intends to provide an environment necessary to increase the sophistication and technological innovation of Western Australia’s food and beverage industry – a feat Knight Frank will contribute to via asset management.
Enriching asset management in Shire of Murray
The FIPWA is a part of the larger Peel Business Park that will eventually span 10 square kilometres. The precinct comprises three separate buildings – the innovation centre, the research and development centre and the food and beverage production centre.
In its management role, Knight Frank will bolster the efforts of FIPWA’s partners and anchor tenants such as Murdoch University, Growhub Innovation and Spinifex Brewing.
Shire of Murray CEO Dean Unsworth is excited to witness the opportunities teased by Knight Frank’s asset management.
“With the innovation centre fully occupied with businesses and the Shire now turning its mind to developing the Murray Future Food Facility within FIPWA, it is timely to bring on a well-known global business to further enhance the asset management for the Shire,” says Unsworth.
Knight Frank has entrusted property manager Jordan Bertolini and senior facilities manager Brad Toko-Layton to collaboratively manage the facility.
AMS team ready to achieve far-reaching and ambitious economic targets
Knight Frank head of AMS for Western Australia Terri Taylor confirms the team’s eagerness to deliver efficiencies across the FIPWA’s assets and incite economic benefits that will reverberate around Western Australia and the wider economy.
“We look forward to supporting the FIPWA and their partners to enhance their innovation capabilities within the food and beverage manufacturing industry,” says Taylor.
The AMS team is primed to support FIPWA reach its projected five-year economic impact of $330 million in the food and beverage sector, in addition to $737 million across the larger economy.
Imagery supplied.
Knight Frank spokespeople comment on trajectory of national development pipeline.
