Pictured above: Gary Stephens
DTZ has been chosen as a partner by Statoil Fuel & Retail to
support the development of a real estate asset management strategy
across its broad retail network. The global real estate services
firm will advise the Scandinavian road transport fuel retailer on
its real estate portfolio which includes 2,300 petrol stations and
12 key port locations across Scandinavia, Poland, the Baltics and
Russia.
DTZ's Birmingham-based international petrol filling station
valuation expert, Gary Stephens will provide specialist sector
knowledge to support the firm's local teams. Gary has previously
headed up the valuation teams on large portfolio instructions in
the region including projects in Finland for Nestle Oil and Norway
for Chevron.
Gary commented: "This is a fantastic result. It builds upon our
sector expertise in fuels retail and brownfield sites which is
allied with strong market coverage. It demonstrates our ability to
deliver unrivalled solutions combining deep local knowledge with
global expertise. We look forward to helping Statoil Fuel &
Retail to optimise its real estate portfolio."
DTZ will work jointly with Citigroup on the mandate, which will
provide a finance market perspective on the development of options
for Statoil's asset management strategy.
Klaus-Anders Nysteen, CFO Statoil Fuel and Retail, said: "By
sharing our mandate with DTZ and Citi, we are confident we will
capitalise on the value of the specific real estate knowledge and
local presence of DTZ and Citi's financial expertise. This will be
our first in a series of balance sheet optimisation processes."