SCEE secures $50m of new contracts

Southern Cross Electrical Engineering’s recently acquired Sydney-based subsidiary, Heyday5, has been awarded more than $50 million of new contracts to carry out electrical services work on a number of major development projects.  

The SCEE subsidiary will be involved in three redevelopment projects in Sydney: the provision of 93,000 square metres of office space in the ATP Redfern building 1; work on the W Hotel in Darling Harbour under the Ribbon project; and luxury residential tower, the Greenland Centre.

Further afield, Heyday5 will also be involved in the Midnight project, Canberra’s first high-density development located along the city’s new light rail route.   

“Heyday5 was acquired to enable SCEE to diversify into the buoyant east coast commercial market and it is pleasing to be able to announce these successes so soon after the transaction,” managing director Graeme Dunn said.

“The awards provide a significant boost to Heyday5’s already healthy order book and their tendering levels remain high against a large opportunity pipeline.”

SCEE share price is up 1.5 cents to 52 cents today.