Henning Kreft / Union Investment
Union Investment, the investment arm of the DZ Bank Group, has added a further ten properties to a portfolio managed by STRABAG Property and Facility Services in Germany.
The additions take the total rental space managed by the contract to 967,000 square metres, and increase the total number of commissioned buildings to sixty-one.
STRABAG PFS will provide technical FM and commercial property management services at the properties which are located in Berlin, Frankfurt, Hamburg, Hannover and Cologne with immediate effect.
The new properties add a rental area of over 129,000 m² which is used primarily as office and commercial space. Two of the properties in Hamburg are hotels.
Services under the contract include supporting tenants, managing and monitoring external service providers, financial accounting and reporting, and overseeing building modernisation and conversions.
STRABAG PFS has provided integrated property management services for multiple real estate portfolios owned by different Union Investment funds in Germany for over a decade.
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