July 31, 2019

Romanian investor buys facility management firm from Spanish owners

Romanian investor buys facility management firm from Spanish owners

Momentum Capital, a company controlled by Romanian investor Dan Canta, bought Facilitec Romania, a leading facility & property management firm on the local market.

The sellers are Spanish investors Diego Stuyck, Tomás Manjón and David Tortosa, who bought the company in 2015 from the Spanish parent-group.

Facilitec entered the Romanian market in 2007. At present, Facilitec has ongoing projects in property and facility management services for the luxury residential segment and for office buildings. Projects include: Willbrook Platinum - amounting to more than 55,000 sqm and Willbrook Residential: Oxford Gardens, Green Gate, Zodiac, Zenith, Grace Garden, North Star and Rose Garden – in all 306 properties totaling 142,640 sqm, are part of the Facilitec portfolio.

In 2018, Facilitec posted €1.4 million turnover and the estimates for 2019 show a turnover of about €1.9 million, up by 35 percent compared to 2018. At the time of sale, Facilitec had a team of more than 30 employees.

“We take great pride that we made Facilitec a landmark on the FM market in Romania. This is a strategic decision for us that allows us to focus on our residential development projects with Homing Properties, where we are about to finish two projects in the Northern part of Bucharest, and on our constructions business – Mantor,” said Tomás Manjón, former stakeholder of Facilitec.

Dan Canta, the company’s new owner, is also the managing director of real estate consultancy firm Avison Young Romania.

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