Management merger

German HSG Technischer Service (HSG), one of Europe's biggest property-management companies, has merged with Vertano Property Management (present in Poland since 2000) of the Vertano Group, which specializes in property management and development, by taking over a 60-percent share in Vertano Property Management to form Vertano Management HSG. The merger will now enable the Polish company to take advantage of modern European know-how concerning facility management, as well as enhance its further development.

Thorsten BrŚdigam, president of the board at Vertano Property Management, says that for the Polish company the merger means growth. "We have been carrying out talks about possible cooperation or a merger for over a year. Finally, we decided on a merger because our companies are very similar. As time has passed, we see even more connections. Vertano, as a Polish company, is now part of a pan-European concern," he says.

For HSG it means expansion into a new and attractive market. "I am glad that my company has a chance to operate in such an attractive a market as Poland. Now we will face many interesting challanges and opportunities," says Otto Kajetan Weixer, president of HSG Technischer Service.

Now, Vertano Management HSG is looking for new projects. In the meantime they will manage Astoria shopping center in Bydgoszcz, owned by Vertano Group member Vertano Real Estate. Currently Vertano Management HSG manages the Focus building, the DaimlerChrysler building and Dom 50 in Warsaw.