- Parking infrastructure company PARKD (PKD) has won a $1.5 million construction contract with the Western Australia-based John Hughes Group
- The contract will see PKD construct a 1900 square metre suspended level structure at John Hughes’ Victoria Park car dealership
- The project is set to take six months to complete and follows a period of advisory works completed with the company
- PARKD Chairman, Bronte Howson says PKD’s construction methods could “transform dealership operational performance and profitability”
- PARKD shares were down 2.04 per cent to trade at 4.8 cents
Parking infrastructure company PARKD (PKD) has won a $1.5 million construction contract with the Western Australia-based John Hughes Group.
Under the arrangement, PKD has been commissioned to construct a 1900 square metre mezzanine suspended level structure inside an existing warehouse for vehicle storage and retail use over the next six months.
PKD said the contract follows advisory works undertaken in the last six months with John Hughes Group regarding their Victoria Park car dealership.
The company said it will be engaging consultants and construction partners to complete the infrastructure using PKD’s structural system, which PARKD Chairman, Bronte Howson said could “transform dealership operational performance and profitability”.
John Hughes Group Chairman John Hughes also commented on the contract.
“With the strengthening demand for new and used vehicles, the solution to provide additional storage and display area presented by PARKD allows us to increase our inventory levels to meet and deliver the increased market opportunities and deliver the best service to our customers,” he said.
The project is expected to take approximately six months to complete.
PARKD shares were down 2.04 per cent at 1:14 pm AEST to trade at 4.8 cents.