Join our daily newsletter At The Bell to receive exclusive market insights
- Security services provider MCS Services (MSG) has once again won a tender from WA-based property investment company Perron Group
- Under the contract, the company will provide security services to the three WA shopping centres owned by Perron Group
- The contract’s initial term is for two years but comes with the option for a 12-month extension
- The company estimates the aggregate gross value of the contract to be more than $7.5 million
- MCS Services is up 14 per cent and trading at 5.7 cents per share
Security services provider MCS Services (MSG) has once again won a tender from WA-based property investment company Perron Group.
Under the contract, MCS Services and its security division, MCS Security, will provide various safety and security services at the three Perron Group shopping centres located in Western Australia. These centres, Belmont Forum, Cockburn Gateway, and The Square Mirrabooka, are owned by Perron Group and managed by commercial real estate services company Jones Lang LaSalle.
MCS Services will be familiar with the work required by the contract, as they were the previous security providers at these locations before the contract was put out for tender again by Perron Group.
The contract has an initial term of two years, but comes with the option for a further extension of 12 months. The company has estimated that the aggregate gross value of the contract over the term of its duration will be more than $7.5 million.
MCS Security’s CEO, Paul Simmons, commented on the encouraging implications of the company once again securing the security services contract with Perron Group.
“MCS Security were the incumbent provider at Belmont Forum, Cockburn Gateway, and The Square Mirrabooka shopping centres,” he said.
“The winning of this tendered contract again further displays the high regard and belief clients have in our company’s capabilities in delivering high quality services, especially during the very demanding times we are currently experiencing with COVID,” he added.
MCS Services is up 14 per cent, trading at 5.7 cents per share at 10:43 am AEST.
