| Type | Subsidiary |
|---|---|
| Industry | Real Estate |
| Fate | Acquired |
| Headquarters | London, UK |
| Area served | Worldwide |
| Key people | John Forrester, Group Chief Executive; James Thomson, Group Finance Director & Global Chief Operating Officer; Menno Maas, CEO of Continental Europe, Middle East and Africa; Killian O’Higgins, CEO of Asia-Pacific |
| Products | Asset Services, Brokerage, Capital Markets, Consulting, Corporate Services, Investment Brokerage/Agency, Investment Management, Mapping Services, Project Management, Property Management, Research & Investment Strategy, Retail, Valuation & Advisory Services |
| Employees | 4,500+ |
| Parent | UGL Limited[1] |
| Website | http://www.dtz.com/ |
DTZ is a global real estate adviser headquartered in London, employing over 10,000 people in 148 cities in 43 countries, operating in Europe, Middle East and Africa, Asia and the Americas.
On Dec 05, 2011, UGL Group Europe – a subsidiary of the Australian infrastructure firm UGL Limited bought DTZ Holdings for 77.5 million pounds ($121 million).[1][2] The deal would provide an "enhanced strategic platform" across the high growth Asian markets, particularly China, India and Singapore and exposure to the UK and Europe. Together, they would be the third largest property services group behind CBRE and Jones Lang LaSalle.[3][4]
DTZ's parent company, DTZ Holdings plc, was quoted on the main market of the London Stock Exchange on 1987 and delisted on Dec 2011.
Contents |
DTZ's history dates back to 1784 with the founding of predecessor firm Cheshire Gibson in Birmingham, UK. A second predecessor firm, Debenham and Tewson was founded in London in 1853. A merger creates Debenham, Tewson & Chinnocks in 1913. In 1987 Debenham, Tewson & Chinnocks Holdings plc floats on the London Stock Exchange.
The DTZ brand was created in 1993 following a joint venture with Jean Thouard of France and the Zadelhoff Group in Germany and the Netherlands; this was followed by a merger with Bernard Thorpe in the UK[5].
Following an equity exchange with Asian partners CY Leung & Co and Edmund Tie & Co, the DTZ brand is extended to Asia and the Holdings company is renamed DTZ Holdings plc in 1999. Since then DTZ had acquired other companies, such as Donaldsons LLP[6] and J. J. Barnicke Ltd[7].
On Dec 05, 2011, UGL Limited bought DTZ Holdings for 77.5 million pounds ($121 million). [3]
DTZ offers advisory and consultancy services in five areas: capital markets (investment and asset management), valuation (company accounts, loan security, mergers and acquisitions, taxation), occupational and development markets (leasing, landlord and tenant advice, real estate trading), construction and facility management (general building consultancy and project management) as well as consulting and research (market analysis).