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  • 12 December 2018 14:17

Mirvac grows start-up ecosystem with the opening of Hoist’s second location

Hoist today opens its second Sydney location following an extremely successful pilot stage, which brings start-ups and corporates together in a curated environment to help lift the innovation ecosystem in Australia.

Hoist today opens its second Sydney location following an extremely successful pilot stage, which brings start-ups and corporates together in a curated environment to help lift the innovation ecosystem in Australia.

Inside a heritage-listed building at 80 Bay Street, Ultimo, the second location will accommodate a larger workplace to meet the increasing demand for more desks from start-ups and corporates. Hoist, an independent private company by Mirvac, will initially move into one floor with 100 desks and the intention to grow across additional levels in the near future.

General Manager of Workplace Experiences at Mirvac, Paul Edwards said, “We are thrilled with the ongoing growth and success of Hoist. Since launching the pilot space in 2017, we’ve been able to prove a successful model for Hoist and are proud to have opened a second workplace to deliver on our customer’s needs, market interest and continue expanding the company.

“There is growing attention in the Australian market on fostering innovation and start-ups across the country, however recent research has pointed to a slowdown in the sector. As a vital part of our future economy, supporting the development of the next generation of entrepreneurs and business founders in Australia is a clear objective for Mirvac - the right precinct, working environment and ecosystem is key to achieving this.

"Now with a proven business model for success, our goal is to roll out Hoist to new locations across the country, providing the essential ingredients for start-ups to succeed.”

Hoist has been instrumental in growing a number of Australian start-ups including Evergen, a new breed of energy services company that sells and manages intelligent home energy systems.

Evergen CEO, Emlyn Keane said, “The partnership with Hoist has been integral to the success and growth of Evergen. The affiliation with Mirvac and professional office environment has been instrumental in our success for attracting new capital partners. We have also benefitted from close proximity to other start-ups, and the culture of innovation and knowledge sharing at Hoist.”

Since joining Hoist in 2017, Evergen has grown significantly expanding from five to sixteen full time employees and a number of contract resources in two locations. Evergen is also suppling energy systems to a number of Mirvac’s residential developments and hotels, and is currently working with Mirvac on the House with No Bills pilot, where a Melbourne family has been selected to live in a world-first pilot house to test energy efficient technologies.

“The success of Evergen is testament to the Hoist model that provides the essential amenities and support for start-up companies to thrive. Evergen have clearly benefitted from access to a major client in Mirvac, and indirect access to Mirvac’s customers, this is key to the success of Hoist,” added Mr Edwards.

Hoist members benefit from a group of experienced community managers that provide advice, connect start-ups and corporate partners, identify opportunities for collaboration and act as sounding boards for ideas.

Members will also have access to a variety of workspaces including offices, meetings rooms, a boardroom, full service printers and high speed internet. Hoist at 80 Bay Street is in an ideal location, opposite Broadway Shopping Centre, which provides access to a fantastic range of additional retail and service offerings.

For details on membership arrangements and corporate partnerships please get in touch with the Hoist team or visit the website

For further information please contact: Rebecca Jagger or Camilla Cox DEC PR on behalf of Mirvac (02) 8014 5033

About Mirvac.

Mirvac is a leading Australian property group, listed on the Australian Securities Exchange (“ASX”). Mirvac’s investment portfolio has interests in office, retail and industrial assets, while its development business has exposure to both residential and commercial projects. With over 45 years of experience, Mirvac has an unmatched reputation for delivering quality products and services across all of the sectors in which it operates.

About Hoist.

Hoist is a venture by Mirvac that is advancing Australia’s entrepreneurial ecosystem by providing curated environments across the country for corporates and start-ups to collaborate and innovate. Hoist’s first innovation precinct was developed at the Locomotive Workshops at Mirvac’s South Eveleigh.

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