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SRG Global (ASX:SRG) secures projects valued at $70m

Market News, Real Estate
ASX:SRG      MCAP $788.1M
01 December 2021 13:54 (AEDT)

Source: SRG Global

SRG Global (SRG) has secured two specialist façade contracts in Perth valued at approximately $70 million.

The company said the project works include the design, supply and installation of specialised engineered curtain wall façade.

The first contract is reportedly for the Westralia Square project with Built, on behalf of GDI Property Group (GDI). The contract is expected to start in January 2022 and will run for approximately nine months.

SRG said its works include the high performance curtain wall facade to office floors as well as podium level including the revolving door entrance and Mounts Bay Road glazing upgrade.

The second contract is at the Elizabeth Quay West development to be undertaken along with D and C Corporation for façade construction. The façade is for the Kerry Hills Architect designed 55 level and 30 level tower developments. The 55 level building will reportedly be Perth’s largest residential tower.

The project is expected to start immediately and run for approximately 12 months.

SRG Global Managing Director, David Macgeorge was pleased to have secured the contracts.

“We are very pleased to have secured these new contracts and be a part of these significant development projects in Perth. These contract wins highlight the strength of our relationship with key repeat clients.”

Shares in SRG Global were up 5.43 per cent at 48.5 cents each at 1:52 pm AEDT.

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