International Real Estate Partners (IREP) has announced two exciting new strategic developments that will see it diversify into the important and rapidly expanding agri-tech and food security sector in the GCC and give it a major foothold in the retail sector in North America.
A multidisciplinary asset management services firm, IREP has launched IREPfarm, a bold new venture that will bring an innovative, practical, knowledge and sustainably-led approach to the worlds of real estate and agri-tech solutions in the UAE and wider GCC.
Focused directly on finding inspirational, modern and empowered ideas to address the major concerns of food, water, energy and land security expressed by not only regional governments but also leading figures at the United Nations, IREPfarm represents a progressive new approach for IREP.
IREPfarm will position IREP at the forefront of moves to tackle the multitude of issues presented by climate change and its impact on the world’s food supply chain and the ability of governments and the food industry as a whole to provide for their populations and customers respectively.
An exciting turnkey solution, IREPfarm will see IREP work side-by-side with its long-standing, and award-winning, agri-tech partner, Intelligent Growth Solutions (IGS).
This partnership helped to lay the foundations for the formation of IREPfarm’s single team of experts that boasts extensive knowledge of the latest agriculture trends and techniques, the most advanced technological solutions and up to date developments in the real estate sector.
IREP Chairman Kenneth McCrae said: "Through working closely with IGS over the years we became aware of a number of pressing issues jointly facing the agri-tech and real estate industries, so it made sense to leverage our collaborative expertise and experience to create IREPfarm that will pool our expertise and deliver cutting edge solutions."
"The new venture will offer combined bespoke food security and real estate solutions to a broad client base that operates across many sectors and helps to deliver results on a far larger and more impactful scale than currently available," he added.
By taking a more socially conscious, focused and expert-driven approach to all aspects off the growing agri-tech industry, IREPfarm aims to design, build, operate and deliver quality, value and expertise across the entire sector, deliver long-lasting positive change and secure food sources and supply processes at an accelerated pace for the benefit for all of society.
Ole Mygind, Agribusiness Managing Director for IGS, said: "The past 12 months have highlighted the substantial need to secure local and sustainable food supply chains in the GCC, like many other regions around the globe."
"With population in the GCC region set to increase considerably, the importance of precision-based agri-tech solutions, backed by scientific crop research will be key to addressing food security challenges. The turnkey IREPfarm approach being developed by our close partners at IREP presents an exciting opportunity to tackle these challenges immediately by bringing together the best knowledge, experience, asset management and technology available in the market," he added.
The firm has also signed a partnership agreement with Sperry Commercial Global Affiliates (SperryCGA), the US commercial real estate brokerage business with 59 affiliate commercial real estate brokerage offices across America.-TradeArabia News Service