What are the key details of NRW Holdings’ (ASX:NWH) largest new contract in Victoria?

Fredon was awarded an additional $69 million electrical package by Lendlease for an ongoing data centre project in Victoria. This expansion brings Fredon’s total contract value for the specific site to roughly $155 million.

Which healthcare infrastructure project did NRW Holdings (ASX:NWH) win in Western Australia?

Fredon secured a $26 million electrical and communications package for the Bunbury Hospital Redevelopment in Western Australia. The project represents a major regional healthcare infrastructure upgrade.

What education sector contracts did NRW Holdings (ASX:NWH) secure?

The company secured two student accommodation contracts in Western Australia valued at a combined $26 million.

How do these contract wins impact the total order book for NRW Holdings (ASX:NWH)?

These wins directly add approximately $120 million in new revenue visibility to NRW Holdings’ order book, spread across the next two to three years. By expanding existing site values, such as the Lendlease data centre project growing to $155 million, the company demonstrates strong project retention and a capacity to scale up existing revenue streams.

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NRW’s Fredon secures $120M infrastructure contracts

Q: What did NRW Holdings (ASX:NWH) announce regarding its subsidiary Fredon?

NRW Holdings announced that its wholly owned subsidiary, Fredon, secured several major infrastructure contracts across Victoria and Western Australia. The new agreements have a combined value of approximately $120 million.

Written by Liezl GambePublished May. 26 2026Last Updated May. 26 2026

NRW Holdings (ASX:NWH) announced that its wholly owned subsidiary, Fredon, has secured a suite of major infrastructure contracts across Victoria and Western Australia with a combined value of approximately $120 million.

The influx of new projects underscores the company's expanding footprint in critical electrical, communications, and security systems within complex, live environments.

In Victoria, Fredon has been awarded an additional $69 million electrical package by Lendlease for an ongoing data centre project.

The boost elevates Fredon’s total contract value for the site to roughly $155 million, with works slated for completion in August 2027.

The company has secured a $26 million electrical and communications package for the Bunbury Hospital Redevelopment, an essential regional upgrade scheduled to run from April 2026 to April 2028.

Educational sector infrastructure features heavily, with a $16 million contract for the University of Western Australia’s 14-storey Nedlands Student Accommodation project—partnering again with Lendlease—and a $10 million electrical and security package for Alceon’s 835-bed student accommodation development on Wellington Street in the Perth CBD.

Both student housing projects are expected to finalise in mid-2027.

Fredon CEO Scott Olsen attributed the wins to the company's proven ability to deliver complex infrastructure in high-stakes environments.

NRW Managing Director and CEO Jules Pemberton highlighted that the awards showcase Fredon's operational diversity and its vital role in supporting essential services for growing regional communities.

At the time of reporting, NRW Holdings’ share price was $7.24.