STRABAG PFS wins further property management mandate from Union Investment

Union Investment commissions STRABAG PFS with property management services for 10 additional properties as of 1.1.2025. Total commissioned real estate portfolio comprises 61 properties with 967,000 m² of rental space.

Frankfurt, 7.1.2025
STRABAG Property and Facility Services (STRABAG PFS) will provide technical and commercial property management services for a total of 61 properties in Union Investment's Germany-wide real estate portfolios with a total rental area of 967,000 m². With a new mandate for a total of ten properties in Berlin, Frankfurt, Hamburg, Hannover, and Cologne as of January 1, 2025, Union Investment and STRABAG PFS are now further expanding their long-standing business relationship. The corresponding contracts have already been signed.

The properties added have a rental area of over 129,000 m² and are primarily used as office and commercial buildings, while two properties in Hamburg are also hotels. The agreed services include tenant support, management and monitoring of external service providers, accounting, reporting and modernization and conversion measures.

STRABAG PFS has been providing property management services for various real estate portfolios of different Union Investment funds in Germany for more than 10 years.