STRABAG Property and Facility Services (STRABAG PFS) will deliver technical and commercial property management services for a total of 61 properties in Union Investment's real estate portfolios across Germany, encompassing a total rental area of 967,000m2. As of January 1, 2025, Union Investment and STRABAG PFS will further enhance their long-standing business relationship with a new mandate for ten properties located in Berlin, Frankfurt, Hamburg, Hannover, and Cologne. The related contracts have already been signed.
The additional properties have a total rental area exceeding 129,000m2 and mainly consist of office and commercial buildings. Additionally, two of the properties in Hamburg function as hotels. The services agreed upon include tenant support, management and monitoring of external service providers, accounting, reporting, as well as modernization and conversion measures.
STRABAG PFS has been providing property management services for various real estate portfolios across different Union Investment funds in Germany for over ten years.
Image source - STRABAG PFS.
Europe Real Estate — an overview of real estate developments in European countries.
