GlobeNewswire Inc | Apr 1, 2021 06:45AM EDT

April 01, 2021

EDMONTON, Alberta and NEW YORK and MELBOURNE, Australia , April 01, 2021 (GLOBE NEWSWIRE) -- 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 Victoriathe AUD$1.5 billion Footscray Hospital.

The hospital is being delivered as a public-private partnership, with WesternHealth as the public operator of all clinical services and PlenaryHealth contracted by the VictorianGovernment 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.

The Footscray Hospital will bring together efficiency, sustainability, and technology in one iconic space, said Anthony Squire, project director for Stantec. Our team of engineers is honored to be part of a project that will elevate the patient experience and care for the local community.

It is a rare privilege to deliver such a significant project, one that will ultimately transform access to health services in Melbournes 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 StantecCommunities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. Thats why at Stantec, we always design with community in mind.

We care about the communities we servebecause theyre our communities too. This allows us to assess whats needed and connect our expertise, to appreciate nuances and envision whats never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

Were 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. Visit us at stantec.com or find us on social media.

For more information about Stantecs response to COVID-19, visitResponding to COVID-19.

Cautionary Note Regarding Forward-Looking StatementsThis 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.

Media Contact Investor Relations ContactDanny Craig Tom McMillanStantec Media Relations Stantec Investor RelationsPh (949) 632-6319 Ph (780) 917-8159danny.craig@stantec.com tom.mcmillan@stantec.com

Design with community in mind