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Articles by Enzo Gullotti
GCS wins $7m contract
Global Construction Services has secured a $7.4 million contract in Melbourne, with merger partner SRG set to complete part of the work.
GCS and SRG to merge into $332m group
Local contractor Global Construction Services has announced plans to merge with construction company SRG to form a $332 million group.
GCS acquires 100% of subsidiary
Global Construction Services has moved to full ownership of its fast-growing east coast subsidiary Gallery Facades through a scrip deal worth up to $11.3 million.
GCS renews contract at Sino Iron
Perth-based Global Construction Services has been awarded a new three-year scaffolding contract at CITIC Pacific Mining's Sino Iron project south-west of Karratha.
GCS flags hire business sale price tag
Global Construction Services is still negotiating the sale price for its equipment hire business to Onsite Rental Group, but says the division accounted for less than 10 per cent of the group’s total revenue. Perth-based GCS estimated that the final sale price tag would be greater than the $23 million total asset written down value, and was subject to a number of conditions. The sale of GCS Hire was announced yesterday, with details of the sale figure undisclosed.
GCS sells hire business
Global Construction Services has entered into an agreement for the sale of its equipment hire division to Onsite Rental Group for an undisclosed sum. The Perth-based construction services business told the market today it would sell its GCS Hire division, which operates several branches across WA, to Onsite, with the deal expected to close within three months. GCS Hire’s services include the provision of site accommodation, temporary fencing, tools and equipment.
GCS subsidiary wins Lendlease work
Global Construction Services’ half-owned subsidiary Gallery Facades has won a $62 million contract with Lendlease for work on the east coast. Perth-based GCS said today Gallery, in which it owns 51 per cent, had been contracted for the supply and installation of high performance architectural facades to theY3, Melbourne Quarter and Bendigo Hospital projects in Victora, as well as the Darling Square south east plot in NSW for Lendlease. The work will be carried out over the coming 18 months.
GCS buys Melbourne business
Global Construction Services hopes to gain more exposure to the commercial construction sector on the east coast through the acquisition of a Melbourne-based business for $18.4 million in cash and scrip.
GCS to work on Carousel redevelopment
Global Construction Services has received a $27.5 million contract for work on the first stage of Scentre Group’s Westfield Carousel shopping centre redevelopment. Perth-based GCS will provide formwork and concrete supply, pumping and placement under the contract, with work to be carried out over nine months starting from the end of March.
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