Capivest, Olive sign key services deal
Manama, January 12, 2012
Bahrain-based Islamic investment bank Capivest and facilities management firm Olive VFM signed a services agreement which will provide holistic services to Capivest’s high-end residential project Saar Central.
According to the deal, Olive VFM has agreed to extend the defect liability period of sold and unsold villas by one year.
This means that homeowners will now be able to report any issues with their villas directly to Olive VFM, who will attend to those issues at no extra cost to the homeowner.
In addition, the agreement covers the maintenance of the 82 unsold and sold villas, providing 24-hour maintenance services for all villas.
Olive VFM will also provide facility services for common areas including waste management, security and landscaping. – TradeArabia News Service