What iParks Property Group does

iParks Property Group is a privately held, family-controlled industrial property developer and landlord headquartered in Canning Vale, Perth, Western Australia. The company acquires, develops, leases, and manages a portfolio of more than twelve industrial sites across the Perth metropolitan area and regional Western Australia, including Welshpool, Henderson, Hope Valley, Kwinana Beach, High Wycombe, Wattleup, Neerabup, Muchea, Karratha, and Port Hedland. Its tenant base spans transport and logistics, maritime technology, energy and fuels, mining services, equipment rental, and light industrial operators, indicating a deliberate focus on heavy-industry premises rather than commercial office or retail real estate.

The company's core offering is a nine-stage Design & Construct service that takes an industrial tenant from initial leasing proposal through development approval, working drawings, building license, construction, lease documentation, and occupation, followed by an integrated Stage 9 Property Management layer covering facilities management, scheduled maintenance, compliance certification, and condition inspections. Because construction is performed in-house under Building Contractor Licence #BC104382, with property transactions conducted under Real Estate and Business Agents Licence #73508, iParks operates as a vertically integrated single-source provider rather than a pure landlord or third-party contractor.

Revenue is generated through a combination of long-term industrial leases on owned assets and one-off design-and-construct fees for custom-built facilities, with recurring property management fees layered on top. The go-to-market is a B2B direct sales motion targeting Western Australian industrial businesses with specific operational requirements such as overhead lifting, bulk storage, and transport hub functionality, with several existing tenants (Freo Group, Onsite Rental Group) leasing multiple sites. The business is family-controlled by the Canci family under CEO Tony Canci, supported by a small team of approximately seven staff, and operates without external institutional capital.

Name

iParks Property Group

Legal name

iParks Property Group

Website

https://iparks.com.au

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

iParks Property Group is a privately held, family-owned industrial property developer and landlord in Western Australia that acquires, designs, builds, leases, and manages purpose-built warehouses, workshops, and transport hubs for industrial tenants.

Ownership category

akta.pro rank

Product category

Industrial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Industrial property development
• Commercial property management
• Industrial property leasing
• Design and construction
• Warehouse facilities

Headquarters

HQ city

Kwinana

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Property Development: Design and construction of custom industrial properties for lease to tenants. Revenue generated through development of purpose-built industrial facilities and lease arrangements with tenants across the portfolio.
2. Property Management Services: Ongoing property management including development concepts, construction specifications, lease proposals, project management, asset/facilities management, scheduled maintenance, compliance certification, and condition inspections.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

iParks Property Group develops, leases, and manages industrial properties in the Perth, Western Australia market. Its core services are Design & Construct (build-to-lease and custom industrial builds), Property Management of owned and third-party industrial assets, an Industrial Property Portfolio of warehouse and industrial facilities, and For Lease Properties marketed to owner-occupiers and commercial tenants. The offering combines construction, leasing, and ongoing tenancy/asset management for industrial customers.

Product overview

iParks Property Group is an industrial property development specialist offering a unified suite of services centered around design, development, and property management. The core offering comprises Design & Construct (a nine-stage process from initial leasing proposal through construction to occupation), Property Management (maintenance, facilities management, and compliance), and a portfolio of industrial properties available for lease across Perth and regional Western Australia. The Design & Construct service feeds into Property Management as Stage 9 of the property life cycle, creating an integrated end-to-end solution for industrial property tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Design & Construct End-to-end design and construction service for purpose-built industrial and warehouse facilities, delivered to Perth-based owner-occupiers and tenants who require a custom-built industrial asset.
• Property Management Ongoing management of industrial properties, covering tenancy administration, maintenance, and asset management for owners and occupiers of warehouses and industrial facilities in Perth.
• Industrial Property Portfolio Group-held portfolio of industrial and warehouse properties in the Perth market, providing long-term rental and asset-management income and supporting the group's property management capability.
• For Lease Properties Industrial and warehouse units available for lease to commercial tenants and owner-occupiers in the Perth industrial market, marketed through the group's direct sales and leasing channels.

Quantifiable outcome

• Projects completed on time and on budget

Named customers12 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Dexus: ASX-listed diversified property group with industrial, office, and retail assets. Overlaps with iParks on industrial ownership and leasing but operates across multiple sectors at national scale.
• Mirvac Group: Diversified ASX-listed property developer and investor with industrial and logistics exposure in addition to residential and retail. Broader portfolio strategy than iParks but overlaps on industrial development and asset management.
• GPT Group: Diversified ASX-listed REIT with industrial logistics alongside retail and office. Comparable on the industrial lessor side though much broader in mandate than iParks' pure industrial focus.

Direct peers

• ESR Group: APAC-focused industrial and logistics real estate platform that develops, owns, and manages warehouses and logistics facilities. Directly comparable on asset class and build-to-suit industrial development, with overlap in Australia.
• Primewest: WA-based property investment and management firm with a diversified industrial and commercial portfolio. Closest geographic peer to iParks, operating in the same Perth and regional WA industrial market with overlapping tenant segments.
• LOGOS Property: Logistics and industrial real estate specialist with significant Australian operations developing large-scale warehouse and logistics facilities. Comparable to iParks on industrial build-to-suit and long-term lease economics.
• Frasers Property Industrial: Industrial and logistics property developer and investor operating across Australia. Comparable to iParks through purpose-built industrial facilities leased to enterprise customers in transport, manufacturing, and logistics.
• Goodman Group: ASX-listed industrial real estate specialist and one of the world's largest industrial property developers. Comparable to iParks because both develop and lease industrial logistics and warehouse assets, though Goodman operates at vastly greater scale and geographic reach.
• Charter Hall: ASX-listed property group with a sizable industrial and logistics portfolio developed and leased to enterprise tenants across Australia. Directly comparable to iParks' industrial build-and-lease model in target customer and asset class.
• Centuria Industrial REIT: ASX-listed REIT focused on Australian industrial property, leasing to a diverse tenant base. Directly comparable to iParks in the industrial asset class and tenant mix, though as a passive landlord rather than a developer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/iparksproperty
• LinkedInlinkedin.com/company/iparks

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iParks Property Group