Broll scoops Nigerian fuel-station contract

Posted On Thursday, 02 December 2004 02:00 Published by eProp Commercial Property News
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Property services company Broll Property Group announced yesterday that it had been awarded a contract to introduce a facilities and property management solution to up to 594 fuel stations across Nigeria.

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The contract has been awarded by Oando, Nigeria's fifth-largest company by market capitalisation. Oando also controls the largest fuel station network in the country. 

Broll executive director Richard O' Sullivan said the firm would initially be given a trial period at ten sites.

"Once Broll has implemented its strategy , it's the client's intention to expand the mandate to the balance of their stations," said O' Sullivan.

Facilities management includes the maintenance of the fuel stations as well as dealing with the logistics associated with the running of the property, while property management involves the management of tenants and the daily running of the property.

Although he would not disclose the value of the contract, he said it was of "substantial value" and would give Broll "a platform to aggressively pursue more business in Nigeria".

This is the second large deal Broll has announced within a week. Last week it concluded a two-pronged deal with the world's biggest property company, CB Richard Ellis, to represent it in sub-Saharan Africa and to buy 100% of CB Richard Ellis SA.

As far as the contract with Oando was concerned, O' Sullivan said Broll was also putting together a retail strategy for the fuel station forecourts.

He said that in certain cases in Nigeria, fuel stations were the only formal physical structures, apart from residential buildings.

O'Sullivan said a fuel station was a perfect vehicle for retailers and banks to operate from in a formal environment, because at the moment there were no malls for them to occupy.

He said Broll opened its Nigerian office a month ago.

Broll is also involved in discussions in other countries, including Angola, Ghana, Tanzania and Zambia.

The group said any moves in these countries would complement its growing presence in Namibia, Nigeria and Botswana.

Last modified on Thursday, 17 April 2014 13:10

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