Singapore, September 6, 2016 – Metro Global Pte Ltd announced today that it has entered into a joint venture agreement with Group of Companies Aktavest Property Management (“Aktavest”), a Russian-grown enterprise to provide asset management, hospitality services and procurement services in Russia.
Aktavest Metro Global LLC (“AMG”), the joint venture company to be equally owned by Metro Global and Aktavest will be incorporated to offer asset management, hospitality services and procurement services whereby Metro Global will provide leadership and management to AMG. AMG will commence operations in managing a portfolio of properties which is provided and/or solicited from Aktavest.
This is a significant business milestone and Metro Global is very excited to collaborate with Aktavest to enter the Russian market and extend its international representation to Eastern Europe.
Aktavest is a Russian-grown enterprise with a diversified portfolio including property management and information technology solutions for facility management. It has been nominated “the Best Facility Management Company of Moscow of the Year in 2005”. In 2014, it received a special letter of acknowledgement from the President of Russian Federation, Vladimir Putin, for servicing Olympic hotels, Media Centre and Ski Jumps during the Winter Olympic Games in Sochi in 2014.
The company is present in 17 large cities of Russia including Moscow, Krasnodar, Sochi, Krasnoyarsk, Kazan, just to name a few, servicing 41 facilities with a total area of 1.5 million square meters.
About Metro Global
Metro Global is an international company headquartered in Singapore conducting operations throughout Asia Pacific, Europe, Middle East and North America. Metro Global boasts a diverse business portfolio which includes hotel management, asset management, property management, hospitality services, procurement services, information technology solutions and hospitality education.