AECOM (NYSE:ACM) is one of the 12 best industrial stocks with more than 50% upside. Recent awards involving commercial redevelopment projects support a bullish case for the stock.
On June 16, AECOM revealed that it has been chosen as the lead engineering consultant for the redevelopment of the MCG stadium. The company will collaborate with its partners, i.e., MANICA, Foster + Partners, and Architectus Australia, who have been appointed as the lead architects.
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AECOM will assess the current condition of the MCG, including the ageing Shane Warne Stand, and analyze options for a possible future redevelopment that meets the modern needs of athletes, fans, and broadcasters. The key focus of the team will be on identifying how the MCG can remain functional during any possible future redevelopment.
This redevelopment will protect the MCG’s historical, civic, and cultural significance while providing a legacy venue with upgraded facilities, inclusivity, accessibility, and athlete and audience experience.
Marketing Director at Culture, Sports, and Entertainment, New Zealand and Australia, Jochen Ristig, said that the cross-functional team across construction, engineering, and technology departments will bring clear cost and risk management, project scheduling, and constructability expertise to the redevelopment process. He further stated:
“At the same time, our sustainability and circularity specialists will ensure environmental performance — from material reuse to water and energy efficiency and climate resilience — is embedded as a fundamental design driver.”
AECOM (NYSE:ACM) delivers expert infrastructure consulting services to commercial and government organizations. Its services portfolio includes advising and consultation, engineering solutions, construction, and management services. It provides these services to various segments, including transportation, water, energy, and more. It is also involved in developing and investing in real estate ventures.
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