City Service AB - Other information

City Service group enters residential facility management sector in Spain

Vilnius, Lithuania, 2013-11-15 08:40 CET (GLOBE NEWSWIRE) -- Concentra, a City
Service group company in Spain, has signed agreements on municipal housing
management with Malaga and Asturia municipalities. These are first agreements
of Concentra regarding residential property servicing. 

Up to now Concentra provided services for commercial, industrial and public
facilities. After becoming part of City Service group, a very important
direction was added to the strategy of this company, that is expansion in
residential housing market in Spain. This market is very fragmented  and we see
excellent perspectives to consolidate it, stated Jonas Janukėnas, General
Director of City Service. 

Concentra will provide technical maintenance and management services for
approximately 7000 apartments (more than 300 thousand sq. m.), value of the
signed agreements is EUR 700 thousand. 

Concentra holds over 4.8 million sq. meters of facilities under its management,
with 1600 employees. The company provides services in Central (Madrid),
Southern (Seville), Eastern (Valencia) and Northern (Barcelona) regions of
Spain. 

Facility management market in Spain accounts for EUR 17 billion. It is 5th
largest market in Europe. 






         Vilius Mackonis,
         Head of Communication
         +370 5 239 4900