Watpac awarded $206m contract with ACU

Company News

by Rachael Jones

Watpac (ASX:WTP) has been awarded a $206 million design and construct contract for the Australian Catholic University’s Saint Teresa of Kolkata Building in Melbourne.

The project includes construction of a new 13 storey tower with roof-top sports courts, above a seven-level basement on Victoria Parade in Fitzroy.

Watpac will also build three additional levels above the existing heritage-listed Mary Glowrey Building.

The Saint Teresa of Kolkata Building will include centralised teaching facilities and informal learning spaces, a library and congregational hub.

Shares in Watpac (ASX:WTP) last traded at 83 cents yesterday.

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