Downer EDI Limited (ASX: DOW) announced that its subsidiary, Spotless Facilities Services Pty Ltd, has entered into an agreement to deliver maintenance services across the South Australian Housing Authority social housing portfolio in the Adelaide metropolitan area. The total value of the agreement is AU$630.0 million over seven-and-a-half years, and the company is planning to start work from January 2023.
As per the contract, the company will provide reactive maintenance, vacant restoration, and minor works projects to 27,000 social and public housing dwellings. Works will comprise plumbing, electrical, roofing and painting, and refurbishment and upgrade works, delivering essential maintenance services for public housing residents. .
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.