SYDNEY: Locality Planning Energy Holdings Ltd. said Friday it has signed three long-term utility infrastructure agreements that will add about 750 electricity and water service points, take the company into Victoria for the first time and bring a retail shopping centre into its portfolio.

The ASX-listed energy provider said the three projects carry a combined LPE-funded investment of about $1.28 million in electricity, water and solar infrastructure. The agreements run for terms of 10 to 15 years.

The deals advance the “Grow through partnerships” priority LPE published for fiscal 2027 on Aug. 28, the company said, through geographic expansion, entry into a new property asset class and continued growth in the land lease community market in regional Queensland.

“These agreements demonstrate the continued execution of our partnership-led growth strategy, in a new state and a new property asset class,” LPE Chair Craig Chambers said. “We are actively expanding our presence within the land lease community sector, entering Victoria for the first time with an existing partner and broadening our customer base through our first shopping centre project.”

Victorian Entry

LPE executed its first Victorian service order under a 15-year master services agreement with an over-50s land lease community operator, first announced July 15. The order covers a new community of 203 homes in regional Victoria and 406 electricity and water service points at completion.

The project includes LPE-funded integrated electricity and water infrastructure, a 99-kilowatt clubhouse solar system and a 588-kilowatt-hour community battery, operating alongside residents’ rooftop solar. Homes are expected to be delivered in stages from 2027 to 2032, with connections and revenue building as homes are completed and settled.

LPE said the operator is not identified because of the commercial sensitivity of its development pipeline. The company said the operator is an established, well-regarded developer of over-50s land lease lifestyle communities and that the identity is not material to the price or value of LPE shares.

Rockhampton Shopping Centre

LPE also executed a 10-year agreement with AHC Limited for Parkhurst Town Centre in Rockhampton, its first shopping centre project and its entry into retail property.

The project includes LPE-funded embedded network infrastructure for 25 retail tenancies and a 300-kilowatt solar system, the company’s largest to date, designed to improve the centre’s operating efficiency and reduce energy costs for tenants.

“Our focus is on creating long-term value for our tenants and our customers,” said Rod MacLeod, managing director of AHC. “Through our partnership with LPE, we’re committing to local initiatives that help lower operating costs, improve efficiency and create a better experience for the people who visit the centre every day.”

Queensland Land Lease Growth

LPE also signed a 10-year agreement with McGovern Developments for its Horizon Living community in Gympie, Queensland, comprising about 316 service points at completion.

LPE will fund electricity, water and solar infrastructure, including a 40-kilowatt solar system on the clubhouse. The infrastructure will support residents through integrated services such as electric vehicle charging and improve the community’s operational efficiency.

“At McGovern Developments, we are committed to creating communities that provide genuine long-term value for residents,” said Bernie McGovern, managing director of McGovern Developments. “Partnering with LPE enables us to deliver modern electricity, water and solar solutions that support affordability and a better living experience for residents.”

Phasing and Outlook

Connections and revenue under each agreement will build progressively as homes are completed and settled and may change as the centre’s tenancies evolve, LPE said. The company said it cannot reliably estimate the timing of revenue from the agreements, which depends on construction pace, home settlements and tenancy commencements.

The company said it will update the market as material information becomes available.

LPE, based in Maroochydore, Queensland, provides embedded network services to residential communities and commercial property, including electricity, hot water, solar, battery, EV charging and smart metering. It operates in Queensland, New South Wales, South Australia and Tasmania, with its first Victorian project now under contract.