It is understood that Citex Asia has won a five-year contract worth £10m a year to provide facilities services for Cable & Wireless Hong Kong.

The deal, won in a joint venture with Hong Kong property surveyor Vigers, is understood to cover all Cable & Wireless’ 200 properties throughout Kowloon, the New Territories and Hong Kong island.

The deal extends to all offices, shops, telephone exchanges and equipment areas, said a source. Talks about contract terms are still going on but it is understood that payment will be based purely on performance, rather than a set fee. It is hoped that this will result in continuous improvement.

Citex Asia will take on at least 30 more staff to handle the commission, some from the UK.

The source said that Hong Kong was just emerging from a recession and many firms wanted to improve performance by outsourcing none-core activities such as facilities management.

As a result, analysts are expecting the market for FM in Hong Kong to take off in the next couple of years.

Citex was unavailable for comment.