Major HypoVereinsbank (HVB) FM Contract for STRABAG PFS

HypoVereinsbank (HVB), Germany's fifth-largest financial institution, has selected STRABAG Property and Facility Services (STRABAG PFS) to deliver facilities management, technical and infrastructure support services at more than 500 domestic locations.

The contract which is for a term of five-and-a-half years, will enter the start-up phase on 1 October, before being rolled out across the HVB's entire property portfolio (which includes the HVB Tower in Munich, administrative offices, data centres, and an extensive branch network), on 1 April 2019.

"This is the largest FM contract to be awarded in Germany this year," says Martin Schenk, Chairman of the Management Board of STRABAG PFS. "HVB is one of our biggest and best-known banks, and we used to manage their buildings until 2014.

"STRABAG PFS looks forward to again delivering high-quality property services for this challenging portfolio."

The total floor area of properties under management will exceed a million square metres.

Visit www.strabag-pfs.com for additional information.