Downer EDI Secures AU$500 Million Long-Term Facilities Management Deal With Stockland

MT Newswires Live

03/24

Downer EDI (ASX:DOW, NZE:DOW) has secured a five-year integrated facilities management contract with Stockland, commencing Aug. 1, valued at around AU$500 million, with the potential to extend for an additional five years, according to a Tuesday filing with the Australian and New Zealand bourses.

The company will provide comprehensive services for Stockland's operational assets, covering commercial offices, shopping centers, logistics facilities, and land lease communities throughout New South Wales, Victoria, Queensland, and Western Australia, the filing added.

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