DTZ

From Wikipedia, the free encyclopedia
Jump to: navigation, search
DTZ
Industry Commercial Real Estate Services
Area served
Worldwide
Key people
Tod Lickerman, Global Chief Executive Officer
Duncan Palmer, Global Chief Financial Officer
Edward Cheung, Chief Executive Greater China
John Forrester, Chief Executive EMEA
Stuart Roberts, Chief Executive Asia Pacific
Joseph Stettinius, Jr., Chief Executive Americas
Steve Quick, Chief Executive Global Occupier Services
Christopher Cooper, Chief Executive Investment and Asset Management
Paul Bedborough, President Facilities Management Americas
Services

Agency/Project Leasing
Building Consultancy
Capital Markets and Financing
Corporate and Occupier Services
Facilities Management
Facilities Services*
Investment and Asset Management**
Project and Development Management
Property Management
Portfolio Administration
Strategic Consulting
Sustainability
Tenant Representation
Valuation Services
*DTZ Services

**DTZ Investors
Number of employees
28,000+
Website http://www.dtz.com/

DTZ is a global real estate adviser headquartered in Chicago, which operates in Europe, Middle East and Africa, Asia and the Americas. DTZ has more than 28,000 employees in more than 260 offices that operate in 50 countries.

DTZ was acquired from UGL by a private equity consortium led by TPG Capital on November 5, 2014.[1] On December 31, 2014, the same consortium purchased Cassidy Turley and combined the two companies under a new DTZ brand.[2]

History[edit]

1784
DTZ founding predecessor firm, Chesshire Gibson, established in Birmingham, UK.

1853
Beginnings in London with second predecessor Debenham and Tewson.

1987
Listed on the London stock exchange as Debenham, Tewson & Chinnocks.

1993
A European joint ventures with Jean Thouard of France, and the Zadelhoff Group in Germany and the Netherlands, creates the DTZ brand.

1999
The DTZ brand extends into Asia with partners CY Leung & Co and Edmund Tie & Co in Singapore. DTZ’s French subsidiary acquired a majority shareholding in DTZ Asset Management, France.

2004 - 2008
DTZ continued its global growth with the opening of offices in India and Bahrain and its continued expansion into China. These years saw global growth across India, the Middle East, China, the United Kingdom, Canada and the US.

2011
Australia engineering firm UGL Limited acquires the trading operations of DTZ and combines its property services firms: Singapore facilities management firm UGL-Premas; US corporate real estate firm UGL-Equis; Americas facilities services firm UGL-Unicco; Australia, New Zealand and Middle East facilities management and real estate companies UGL Services, to form a new global property services powerhouse

2012
UGL’s property services companies integrate and rebrand to DTZ; expanding its global presence to 52 countries.

Moves global headquarters from London to US.

2014
UGL sells DTZ to a private equity consortium comprising TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (OTPP). [3]

On December 31, 2014, the TPG Consortium purchases US commercial real estate firm Cassidy Turley, adding 4,000 employees and 900 brokers.[4] The new DTZ now has more than 28,000 employees in more than 260 offices in 50 countries.

2015
On May 11, 2015, DTZ announced the purchase of Cushman and Wakefield. When the deal closes, the expected combined employee count will be 43,000. [5]

References[edit]