Spotless Group has extended its management contract at the Perth Convention and Exhibition Centre (PCEC) to 2038, after ‘committing to invest $50 million and take full responsibility for the PCEC’s core asset’.
“Spotless’s financial strength and ability to tailor commercial deals enables us to commit to long-term contracts that benefit our clients and maximise the performance of the facilities,” said Spotless CEO Martin Sheppard in a statement.
“It also allows us to invest in markets traditionally supported by state governments as they look to reduce spending commitments due to economic and budgetary constraints in Australia.”
After signing the new contract with private owner Wyllie Group, Spotless has said that it will invest $50 million over the next 22 years in high-tech equipment, refurbished meeting spaces and the venue’s café. The company will also take full responsibility for the venue’s core assets, such as air-conditioning and boilers.
‘This follows a recent $1.5 million spend on Wi-Fi infrastructure and security upgrades, as well as ongoing investment in marketing the venue nationally and internationally’.
Ian Delmenico, Spotless’s general manager leisure, sports and entertainment, said that the company was excited to build on its strong association with the event industry to deliver world-class exhibitions, business and entertainment events.
“In the past year, the PCEC attracted more than 900,000 visitors, including 98,000 national and international delegates,” he said.
“Recent figures highlight a 28 per cent increase in revenue on confirmed business for January to June 2016.
“This should guarantee a total visitor expenditure that surpasses the $188 million generated for the state economy in 2013-14.”