Sungwon OBO said it has signed two contracts with a combined value of Dh6 million ($1.63 million) for the provision of a full line of facilities management services to premium development projects in Jumeirah Village.

A pioneering facility management company in South Korea, Sungwon OBO, is a member of Makateb Holding, the first office building operator company in the world.

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," he pointed out.

"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," he added.

Raes said the company continues to have very good long-term business prospects as developers and building owners are keen to deploy world-class facilities management solutions to offset the effects of present and future economic challenges.

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 delivers a full range of integrated facilities management services, including consultancy, mechanical and electrical maintenance, lifecycle costing, energy management and building maintenance.-TradeArabia News Service