Akerton Partners has advised City Service on the sale of several business lines belonging to the Spanish subsidiary Aresi (Grupo Aresi Inversiones S.L.). The Warsaw-based company is listed on the stock exchange and operates mainly in Eastern Europe.
Aresi provides property management services mainly in Madrid, Alicante, Murcia and Malaga and has around 20 offices. In recent years, the company has made progress in the process of digitalising these services to optimise costs.
The Company entered the Spanish market in 2013 and the business lines it handles in our country are mainly property management, real estate advisory services, building maintenance and real estate insurance services.
The framework of the transaction extends to the portfolio of properties managed by Aresi Administración de fincas S.L. and the insurance policies linked to them, totalling 1,335 communities and 48,254 properties.
City Service SE is a holding company which manages one of the largest corporate groups engaged in facility and property management and integrated utility services in Europe. It has 20 years of experience, more than 4,800 employees and operates in 5 countries.
Inmho is a leader in property Management and rental administration with over 60 years of experience. The company manages over 4,000 property owners’ associations with over 150,000 clients all over Spain and 280 professionals.