Cleaning and crowd control specialists Millennium Services Group (ASX:MIL) have been given a big boost to their Victorian operations, securing a 5-year extension to continue providing cleaning services to two of the state’s largest shopping centres.
The contract extensions have been awarded by Scentre Group (ASX: SCG), the owner and operator of Westfield living centres in Australia and New Zealand, which has granted Millennium a 5-year contract at Westfield Southland and extended an existing one for 5-years at Westfield Plenty Valley.
Located in the bayside suburb of Cheltenham with about 400 retail stores and its own train station, Southland is the fifth largest shopping centre in Victoria.
“Millennium has forged a strong relationship with Scentre Group over the years and we are proud to partner with them as they continue to grow and deliver exceptional customer experiences,” said Millennium CEO, Scott Alomes.
“This new and renewed contract demonstrates the client’s confidence in Millennium’s ability to quickly mobilise a strong, professional team that delivers quality outcomes and reflects our shared long-term commitment to providing excellent service delivery.”
The new contracts combined are valued at $30 million over five years and strengthens Millennium’s ties with Scentre, of which they provide services to several other owned shopping centres.
The win also follows on from a string of new deals secured by Millennium as Australia prepares to open itself up from lockdown with building managers placing greater emphasis on cleaning services.
In July 2021, Millennium landed a 3-year contract with AMP Capital for fully integrated service management of their recently redeveloped flagship retail, entertainment and dining precinct in Karirnyup, Perth.
For the year ended 30 June 2021, Millennium Services reported a 6% increase in revenue to $272.7m and 5% increase in net profit after tax to $17.4m.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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