The contract with WealthCap was officially concluded with effect from 1 July 2017. It runs for three years with an extension option. The parties have agreed to not disclose the volume of the contract.
Four properties in Karlsruhe, Stuttgart and Freiburg are very familiar to STRABAG PFS. They stem from the portfolio of an existing client of many years’ standing and have been managed by STRABAG PFS since April 2015. WealthCap had purchased the properties in 2016 and commissioned STRABAG PFS to continue all facility management (FM) services.
STRABAG PFS provided facility management for the other twelve properties in Berlin, Hamburg, Düsseldorf, Cologne, Frankfurt and Munich back in December 2016, albeit on an ad-hoc basis. Regular operations commenced a few months later. “In ad-hoc operations, with no knowledge of the properties, we had to draw on our many years of FM experience,” recalls Torsten May, Head of Facility Services for Germany at STRABAG PFS. “Within just a few days, we managed to maintain building operations and ensure operator responsibility.”
The agreed services include the inspection, maintenance and repair of all technical building facilities as well as routine cleaning, maintenance of outdoor facilities and security services in the context of infrastructure building management.