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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.