STRABAG Property and Facility Services GmbH: Acquisition of Property Management Contracts in a Total Volume of around Three Million Euros Marks Successful Start of STRABAG Property and Facility Services into New Year 12.01.2012 | Company to manage three real estate portfolios with altogether about 320,000 square meters nationwide as at January 1, 2012
Frankfurt am Main. STRABAG Property and Facility Services just acquired three property management contracts at a stroke, the total volume being approximately three million Euros. Property management services will be provided for 17 office, retail and logistic assets that are owned by Pramerica Real Estate Investors, an international player in property investments. Contract services include the commercial management of the facilities, and letting. The second large-scale contract involves 29 mixed-use properties belonging to a trust. Here, too, STRABAG PFS will support the owner’s letting efforts in addition to handling the classical property management. The third portfolio includes eight individual properties of various types of use, as well as a trading estate with office and logistics schemes owned by Deutsche Rückversicherung AG and the VÖV Association of Public Insurers. The service spectrum provided for this portfolio includes commercial and technical facility management, letting, as well as the control of facility management services. All three of these contracts enter into force as at January 1, 2012.

“The special challenge of the portfolios is their diversity, given the various types of use and the associable differences in specific tenant requirements, as well as the geographical spread – from the northern-most point in Germany down to the Swiss and French border in the South,” explained Dr Jörg Rosdücher, Managing Director and Head of Real Estate Management at STRABAG PFS.

About Pramerica Real Estate Investors
Pramerica Real Estate Investors, known in Germany as Pramerica Real Estate International AG, is the real estate subsidiary of financial and insurance company Prudential Financial Inc., USA* and offers diverse investment solutions in the United States, Europe, Asia and Latin America. The fund management operates out of Parsippany (New Jersey), Atlanta, Munich, London, Mexico City and Singapore and is supported by a global network of regional offices in Chicago, New York, San Francisco, Miami, Lisbon, Madrid, Paris, Luxembourg, Istanbul, Abu Dhabi, Rio de Janeiro, São Paulo, Hong Kong, Beijing and Tokyo, as well as representations in Milan and Zurich. Pramerica launches real estate funds for more than 490 investors, most of which are institutional, and currently manages real assets worth approximately EUR 33.5 bn (as of June 30, 2011), making it one of the largest real estate managers in the world. Additional information at www.pramericarei.com.

* Prudential Financial, Inc. USA is in no way associated, affiliated or to be confused with Pruden-tial PLC, which has its headquarters in Great Britain

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