BUNDLED REAL ESTATE EXPERTISE FOR THE AUSTRIAN MARKET: PM1 BECOMES PART OF DREES & SOMMER AUSTRIA

pm1 projektmanagement, planen und bauen GmbH, with offices in Salzburg, Innsbruck and Vienna, becomes part of the Vienna and Linz-based real estate consulting and planning company Drees & Sommer Austria. Together, the service portfolio will be expanded with regard to overall management on the domestic market.

Drees und Sommer Austria is taking a 100% stake in PM1, which will operate as PM1 - Part of Drees & Sommer in future. As of now, 120 employees are working together at locations in Vienna, Linz, Salzburg and Innsbruck. PM1 Managing Director Arnold Schmitzer is now part of the management team of Drees und Sommer Austria, alongside Philipp Gansch, Gerald Herndlhofer and Georg Stadlhofer. Philipp Gansch will join Arnold Schmitzer and Stefan Unterberger on the management team of PM1 - Part of Drees & Sommer. From now on, more than 350 projects throughout Austria will be supported and managed jointly.

Growing together

Thanks to the construction expertise of PM1 - Part of Drees & Sommer and the planning expertise of Drees & Sommer Austria, clients can be advised and supported as a whole in the future: PM1 - Part of Drees & Sommer is one of the leading Austrian project management companies, Drees & Sommer is established in the areas of planning and consulting and is the innovation leader in the Austrian construction and real estate industry in the areas of Building Information Modeling (BIM); Lean Construction Management, Cradle to Cradle and Customized Smart Buildings. In addition, the respective regional market presence expands to the whole of Austria as an overall contractor. The existing customer portfolio of PM1 - Part of Drees & Sommer, primarily in the public sector, complements that of Drees & Sommer, which is primarily in the private sector; the combination of the respective company competencies allows the best possible service for all customers.

"At Drees & Sommer Austria, we have been working on the perfect setting for Western Austria for a long time and can now present the optimal solution: PM1 is coming on board with us in order to cover the Austrian market optimally together for our customers," says Philipp Gansch, who adds: "We have known and appreciated PM1 around Arnold Schmitzer for many years, whereby we have always been united by the clear focus on the reliable and secure processing of projects for our customers. With the merger, our clients thus benefit from even better on-site coverage of the Austrian market with the four locations in Vienna, Linz, Salzburg and Innsbruck and with the expertise of the international Drees & Sommer network, which regularly sets new standards in the field of sustainability and digitalisation."

Arnold Schmitzer also highlights the advantages of the future cooperation: "Through the merger with Drees & Sommer Austria, we can now also draw on the group's current international expertise. As a result, our SMART Building strategy will support building owners in an even more future-oriented way. I look forward to making a significant contribution to the value of our clients' properties with our new joint team."