DTZ acquires Fastighetsplanering AB in Sweden

DTZ Holdings plc, a leading global property adviser, has acquired Fastighetsplanering AB, a privately owned commercial real estate adviser based in Stockholm, Sweden. This transaction augments DTZ’s position as one of Europe’s top three global advisers in commercial real estate.

Through the acquisition of Fastighetsplanering AB, the market leader in commercial leasing, DTZ will be able to provide new leasing services and further strengthen its real estate advisory offering in Sweden. Fastighetsplanering AB will shortly be rebranded as DTZ and becomes part of DTZ Sweden AB.

DTZ Sweden, which has offices in Stockholm, Göteborg and Malmo, was ranked by EuroMoney in 2006 as the best property and valuation company in Sweden for the second year in a row. Following the acquisition, it will have some 60 staff, headed by managing director Agneta Jacobsson who was named as Fastighetsagarna Stockholm's Real Estate Woman of the Year 2007. DTZ Sweden provides valuation, investment advisory/ sales, occupier services, research and, now, commercial leasing advice. In July, DTZ announced that it had increased its shareholding in DTZ Sweden from 30 per cent to 80 per cent.

Agneta Jacobsson commented: “Fastighetsplanering is the market leading leasing adviser in Sweden, providing a range of services beyond brokerage. This acquisition will enable us to provide clients with
a more complete commercial real estate offering within Sweden.”

Lars Olden, managing partner of Fastighetsplanering AB, added: “Being part of a global property adviser enables us to deliver cutting-edge market knowledge to our clients and significantly enhance the services we offer. DTZ’s strong global network provides us with greater access to international occupiers and further strengthens our ability to meet our clients’ growing requirements.”

The consideration will be met out of DTZ’s existing resources and comprises an initial payment of SEK 5.5 million (GBP 400,000); with further payments of up to SEK 2.2 million (GBP 160,000) in total over the next three years, based on the financial performance of the Fastighetsplanering business.