City Service acquires Zespół Zarządców Nieruchomości WAM

Property and Facility Management
POLAND Property management services company City Service has finalised the purchase of a 100 pct stake in Zespół Zarządców Nieruchomości WAM from the Polish government.
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The value of the transaction comes to PLN 45 mln. As a result of the takeover, City Service’s management portfolio has increased from 16.2 mln sqm to 24.7 mln sqm. During the negotiations City Service was advised by a consortium of Porta Finance, KBC Securities Poland, Vikado Capital and the Domański Zakrzewski Palinka law office. ZZN WAM is the largest independent company (excluding housing associations) on the residential property management market in Poland. The company, which currently employs over 900 people, operates through 22 branches managing residential properties as well as more than 100 offices.

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