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| DZ Bank and Zurich demonstrate confidence in Bilfinger Bilfinger, the engineering and services group, is continuing its cooperation with two longstanding clients in the field of facility management: the company has signed framework agreements with DZ Bank and Zurich, the Swiss insurance and financial-services provider, with a total volume of €50 million. With DZ Bank, a management agreement that has been in place since 1986 for a real-estate portfolio in Frankfurt with total floor space of 135,000 square meters has been extended. The agreement now runs for a period of five years with an extension option for another two years. It covers responsibility for property management, technical and infrastructural facility management as well as construction management, relocation management and event management. Bilfinger has been cooperating with the Zurich Group in Switzerland since 1996 and is now active for that client in Germany as well. The company manages nine office buildings in the city centers of Frankfurt, Stuttgart and Munich with a total floor space of 80,000 square meters. Overall, Bilfinger manages a real-estate portfolio for Zurich consisting of 600 office, retail and residential buildings with floor space of approximately 415,000 square meters. "We see a sustained trend among our clients of placing the management of their international building portfolios with one provider. This presents us with good growth opportunities. Bilfinger is already present in numerous major real-estate markets and intends to further expand its regional presence, " stated Executive Board Member Dr. Jochen Keysberg. Bilfinger is Germany's market leader for real-estate and facility services. It offers its clients a comprehensive range of services from a single source, including design, construction and management of buildings. The activities of the Building and Facility business segment will contribute approximately €2.7 billion of the Group's total output volume of €7.7 billion in 2014. write your comments about the article :: © 2014 Construction News :: home page |