Leighton Holdings Ltd
(ASX:LEI) subsidiary John Holland has secured a $270 million contract for the redevelopment of the Joondalup Campus in Perth.
The company says the redevelopment, which will begin this month, is jointly funded by the West Australian Government and Ramsay Health Care.
John Holland says the contract will be undertaken across seven key phases, beginning with an upgrade to access roads and car parking facilities.
Total value of the project is $332 million, with the value of works under John Holland management estimated at $270 million.
General manager Adam Harry says this project cements John Holland’s position as the pre-eminent construction contractor in Western Australia for major building projects.
2008 was a highlight for Leighton Holdings, recording its best net profit in five years.
