Plenary Health achieves financial close on New Footscray Hospital project; Stantec will provide comprehensive engineering services
04/01/2021 EDMONTON, AB; NEW YORK, NY; MELBOURNE, AU TSX, NYSE:STN
Leading global design firm Stantec is the building services engineer for the Plenary Health consortium, which recently achieved financial close on the largest single health infrastructure investment in the State of Victoria—the AUD$1.5 billion Footscray Hospital.
The hospital is being delivered as a public-private partnership, with Western Health as the public operator of all clinical services and Plenary Health contracted by the Victorian Government to finance, design, construct, and maintain the hospital for 25 years following construction completion.
The Plenary Health consortium comprises:
- Plenary Group as sponsor, investor, and asset manager
- Multiplex as builder
- Honeywell and Compass Group as facility services providers
- Sojitz Corporation as investor
The integrated design team will be led by Cox Architecture and Billard Leece Partnership for architecture and interiors, and Stantec will provide mechanical, electrical, communications, hydraulics, fire protection, fire engineering, acoustics, specialty lighting, and vertical transportation services to the consortium.
“It is a rare privilege to deliver such a significant project, one that will ultimately transform access to health services in Melbourne’s west,” said Paul Crowe, chief investment officer for Plenary. “In bringing this project to life, the community has always been our focus. “We look forward to delivering a true community hospital for patients and families, for staff and the people of the western suburbs.”
Construction is set to commence shortly, and the new hospital is set to be completed in 2025.
About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.
We care about the communities we serve—because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.
We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
For more information about Stantec’s response to COVID-19, visit Responding to COVID-19.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the project described above. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the project described above may be delayed, cancelled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward‑looking statements are provided herein for the purpose of giving information about the project referred to above and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
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Stantec Media Relations
Ph (949) 923-6085
danny.craig@stantec.com
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Stantec Investor Relations
Ph (780) 917-8159
tom.mcmillan@stantec.com
