DTZ

 ( Commercial Real Estate Companies ) 

DTZ was a London-based commercial property company. Tracing its origins back to 1853, it merged with Cushman & Wakefield in 2015 and its brand was retired.

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History Debenham & Tewson was established in London in 1853. In 1913 it merged with Chinnock, Clarke & Chinnock to form Debenham, Tewson & Chinnocks. In 1987, Debenham, Tewson & Chinnocks was listed on the London Stock Exchange. In 1993, a joint venture was formed with Jean Thouard of France, and the Zadelhoff Group of Germany and the Netherlands, forming DTZ.

Timothy Melville-Ross (previously chair of Nationwide Building Society and director-general of the Institute of Directors) was chairman of the board for a period around 2005.

In December 2011, parent company DTZ Holdings was placed into administration and its business entities were sold to UGL in order to repay 77.5m of an outstanding 106m debt owed to Royal Bank of Scotland. The shareholders' equity was wiped out after a deal with majority shareholder Saint George Participations and BNP Paribas Real Estate fell through. target="_blank" rel="nofollow"> UGL acquires DTZ for £77.5 million UGL 5 December 2011 The company was reportedly worth almost 500m around 2006. The company was in financial difficulty after a spending spree prior to a financial crisis, buying Rockwood in the US and retail agent Donaldsons.

In November 2014, DTZ was sold to a consortium of TPG Capital, PAG and the Ontario Teachers' Pension Plan. target="_blank" rel="nofollow"> UGL eyes John Holland after $1.2b DTZ buy Australian Financial Review 15 June 2014 DTZ 5 November 2014 On 1 September 2015 Cushman & Wakefield and DTZ merged, and the DTZ brand was retired. Cushman & Wakefield and DTZ Announce Completion of Merger Cushman & Wakefield 2 September 2015

DTZ Investors continues as an entity of Cushman & Wakefield and operates as a full-service vertically integrated real estate manager.

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