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SRG Global (ASX:SRG) secures $40m specialist facades contract in Sydney

ASX News, Industrial
ASX:SRG      MCAP $450.9M
15 June 2023 13:04 (AEST)
SRG Global (ASX:SRG) - Managing Director, David Macgeorge

Source: Supplied

SRG Global (SRG) has secured a $40 million specialist facades contract with long-term partner Lendlease.

The contract is for the supply and design of specialist-engineered curtain wall facades at the One Circular Quay project in Sydney’s harbour-front precinct.

The company announced the contract would start immediately and is expected to be completed in 2025.

SRG Global Managing Director David Macgeorge said it was pleasing to add to the company’s significant contract wins across the country.

“As a recognised leader in the field, SRG has been selected to design, test, and deliver yet another world-class state of art bespoke facade which will be the face of this landmark project,” he said

“With over $1 billion of new contract wins since July, many of them long-term, SRG Global is in a period of significant momentum. Importantly, the contract wins are being achieved across a diversity of sectors and geographies, positioning SRG Global well for long-term, sustainable growth.”

The estimated $3 billion One Circular Quay project includes two high-rise towers, in which SRG will collaborate with Lendlease, targeting both a six-star Green Star rating and a Platinum WELL Building Standard rating.

Shares in SRG are up 1.46 per cent and trading at 69.5 cents at 1:00 pm AEST.

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