Fleetwood Corporation Limited, through its wholly owned subsidiary Fleetwood Pty Ltd, has been awarded a $12 million contract for 100 park homes for Fourmi Pty Ltd's Riverside Gardens Estate park-home estate at Gosnells, in Western Australia.
Fourmi is a leading WA operator of park-home estates and has commenced development of a 100 site expansion at its existing 202 site Gosnells estate.
The contract is specifically for the supply and installation of all park homes required for the Riverside expansion.
The expansion will involve approximately 100 homes, and dependant on the configuration of the buildings will be worth around $12 million.
Construction of the village commenced in April and the first homes are due for delivery in August.
The expaned village is expected to be fully occupied within 12 - 18 months.
The Riverside Gardens contract follows news in March this year that Fleetwood Pty Ltd had won a $7.5 million contract to manufacture and deliver 50 park homes for the BHP Billiton Ravensthorpe nickel project at Hopetown, in the south east of the state.
Construction has already commenced and all buildings are expected to be ready for occupation by December 31.
Despite the new works orders, Fleetwood Corporation Ltd recorded an 8 per cent fall in half year operating profit after tax earlier this year - recording a figure of $10.2 million, down from $11.1 million in the previous corresponding period.
THE FULL MEDIA RELEASE APPEARS BELOW.
Supply Agreement Riverside Gardens Estate
Fleetwood Pty Ltd a wholly owned subsidiary of Fleetwood Corporation Limited
(FWD) has been awarded the supply contract for approximately 100 park homes
required by Fourmi Pty Ltd for its Riverside Gardens Estate at Gosnells, in Western
Australia.
Fourmi is a leading Western Australian operator of Park Home Estates and has
commenced development of a 100 site expansion at its existing 202 site estate in
Gosnells.
Agreement: Exclusive supply and installation of all park
homes required for Riverside expansion.
Number of Homes: Approximately 100
Value of Contract: Dependant on configuration of the homes but
estimated to be in excess of $12 million.
Contract Type: Sale
Commencement of Supply: Construction of the village commenced in April
2006 and the first homes are due for delivery in
August 2006.
Duration: The village is expected to be fully occupied
within 12 - 18 months.
