Debenham Thouard Zadelhoff, known as DTZ, was a

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

originated from UK, France and the Netherlands, operating as a

commercial real estate Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office ...

services firm. On September 1, 2015,

Cushman & Wakefield Cushman & Wakefield plc is a global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois. Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues ...

and DTZ merged. In December 2011, the 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 Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster B ...

and its shareholders equity was wiped out after a deal with its majority shareholder Saint George Participations and BNP Paribas Real Estate fell through. the company was reportedly worth almost 500m around 2006. The company was in financial difficulty after a spending spree prior to financial crisis buying Rockwood in the US and retail agent Donaldsons. 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. On September 1, 2015, DTZ merged with Cushman & Wakefield. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion. The firm operates in more than 60 countries and has 50,000+ employees. DTZ Investors now exists as an entity of

and operates as a full service vertically integrated real estate manager managing more than $17.8 billion of property.DTZ Investors
/ref>

References

{{Reflist Property companies based in London Property services companies of the United Kingdom Real estate services companies of the United States Property management companies Commercial real estate companies