City Service continues to grow in residential facility management market in Spain. The Company has acquired two contract portfolios in Madrid and in city‘s region. These contracts will add a total of 308 residential buildings with 16 thousand apartments to properties managed by City Service in Spain.
Revenue from administration services in the acquired portfolios is approximately EUR 700.000 per year.
City Service SE is an international holding, active in Poland, Lithuania, Latvia, Spain and St. Petersburg. The Company provides integrated utility services to 41.5 million sq. meters of building area.
The Company engages in facility management process administration, engineering systems maintenance and repairs, energy resources management and renovation, buildings’ technical and energetic auditing, territory maintenance and cleaning and provides security services. Consolidated revenue of City Service SE was EUR 167.2 million in 2015.