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Ventia Services Group Limited (ASX:VNT)

ALERT: Price-sensitive ASX Announcement for VNT
Current share price for VNT : $5.820 0.79 (15.71%)+
Announcement
Release
12 Sep 2025 8:22AM
Price at Release
$5.030
Full Release
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Summary
Ventia Services Group Limited announced the extension of its Facility Management Agreement with the City of Sydney, valued at approximately $100 million over two years. The extension, commencing on 22 January 2026 and ending on 21 January 2028, underscores the City of Sydney's ongoing confidence in Ventia's provision of high-quality, data-driven, and strategic asset management services across a diverse range of 251 City-owned assets. These include heritage-listed buildings like Sydney Town Hall and Customs House. The scope of services includes both hard and soft facilities management, project works, cleaning, maintenance, and strategic asset management. Managing Director and Group CEO, Dean Banks, highlighted the partnership's focus on innovation and collaboration in facilities management to maximize customer return on investment.
Key Points
  • Ventia secures $100 million contract extension with City of Sydney.
  • Contract extension from 22 January 2026 to 21 January 2028.
  • Services cover 251 City-owned assets, including heritage buildings.
  • Scope includes facilities management, project works, and strategic asset management.
  • Partnership emphasizes innovation and collaboration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.