Sungwon OBO signs contracts worth AED 6 million to provide full facilities management services to Jumeirah Village projects

Sungwon OBO signs contracts worth AED 6 million to provide full facilities management services to Jumeirah Village projects

Serena Residence and Al Duaa Residences adopt Sungwon's maintenance, cleaning, security and consultancy services

January 15, 2009
Sungwon OBO, a member of Makateb Holding, the first Office Building Operator Company in the world, has announced that it has recently signed two contracts with a combined value of AED 6 million for the provision of a full line of facilities management services to premium development projects in Jumeirah Village. Sungwon OBO will provide maintenance, cleaning, security as well as consultancy services for three years to A&A Investments' Serena Residence project and to the Al Duaa Residence project of Al Duaa Residence Limited.

The new facilities management projects are part of Sungwon OBO's growing portfolio of major clients in the UAE as the company aims to grow between 15 to 20 per cent within the next three years. Eric Raes, CEO of Sungwon OBO, signed the contract with A&A Investments for the Serena Residence project and with Al Duaa Residence Limited for Al Duaa Residence Project.

"Core services such as building maintenance and security remain high priority concerns among developers and building owners. Sungwon OBO provides customised facilities management solutions that enhance the overall condition of our client's properties while helping them streamline the overall building costs, which ultimately result in bigger investment returns. As such, Sungwon OBO continues to have very good long-term business prospects as we have seen a conscious effort by developers and building owners to deploy world-class facilities management solutions to offset the effects of present and future economic challenges," said Eric Raes, CEO of Sungwon OBO.


Sungwon OBO will also provide consultancy services throughout the entire cycle of the developments, including the construction phase, which is expected to begin shortly. The Sereena Residence is a 100-unit complex that will offer investors a residential building containing townhouses with private gardens and a swimming pool; one and two-bedroom apartments; and duplex apartments in the fourth floor with spacious terraces overlooking the gardens and the swimming pool. The Al Duaa Residence consists of 146 units with 23 studios, 95 one-bedroom apartments, 21 two-bedroom apartments and seven lofts, and includes premium amenities such as a gym, steam room, sauna and swimming pool with Jacuzzi.

Sungwon OBO, the pioneering facility management company in South Korea and the Facilities Management Division of Makateb, delivers a full range of integrated facilities management services, including consultancy, mechanical and electrical maintenance, lifecycle costing, energy management and building maintenance.
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About Makateb Holdings:

Makateb Holdings is the world’s first star-rated office building operator, offering a revolutionary concept designed to enhance the working environment and deliver optimum business value to tenants. Buildings with the Makateb Holdings logo carry a signature of quality and are managed in an eco-friendly manner, which facilitates more competitive office rates, creates a solid return on investment, extends the lifecycle of the building, and ensures optimal environment for both residents and working staff.

Makateb Holdings is the first to offer in the UAE a unique rating system similar to that used in the hospitality industry that ranks the office buildings from 1 to 5 stars to reflect the facilities and services available, such as gyms, coffee shops, libraries and business centers among others. The system ensures the same level of luxury and quality services clients would expect from premium hotel operators.

Presently headquartered in Dubai, Makateb Holding will soon branch out to other locations across the UAE and the Middle East. Makateb is set to establish more partnerships and joint ventures with high-end specialty companies such as facility and cleaning management firms, concessionaires, gyms, and business centre operators to strengthen its end-to-end offerings and gain additional leverage to expand its activities in the international market.

Further information can be found on the website www.makatebholding.com