Momentum Capital bought Facilitec, a facility & property management company

Facilitec, leader on the facility & property management market, owned in Romania by the Spanish entrepreneurs Diego Stuyck, Tomas Manjon and David Tortosa, has been sold this month to Momentum Capital, a company controlled by the Romanian entrepreneur David Canta.

At present, Facilitec has complex ongoing projects in property and facility management services for the luxury residential segment and for office buildings.

“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, which is Mantor”, said Tomas Manjon, former stakeholder of Facilitec.

Spanish Company Facilitec entered on the Romanian market in 2007 and was lead by Diego Stuyck as General Manager. Thereafter, in 2015, he bought the company together with his partners and it was developed and consolidated as a reference company on the facility & property management segment.

Since the launch on the Romanian market, Facilitec has become a benchmark in property & facility management services and has managed dozens of premium and luxury residential projects as well as a series of office buildings.

Projects such as Willbrook Platinum – amounting to more than 55.000 square meters and Willbrook Residential: Oxford Gardens, Green Gate, Zodiac, Zenith, Grace Garden, North Star and Rose Garden – that include 306 properties totalling 142.640 square meters, are part of the Facilitec portfolio.

Facilitec adds to its portfolio projects such as Palazzo de Italia, Floreasca 1, Estic Park, Gran Via Park, Timișoara 58, Green Vista, 60 flats for Huawei, Ivy, Zosima, Lacul Tei, GVI Town totalling more than 1.500 flats and 75.000 square meters of offices.

By the end of 2018, Facilitec had a EUR 1.4 million turnover and the estimations for 2019 show a turnover of approximately EUR 1.9 million, which is an increase of 35 percent compared to 2018. At the time of sale Facilitec had a team of more than 30 employees.