DTZ

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Commercial property company based in London, UK

title: "DTZ" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["commercial-real-estate-companies", "companies-based-in-london", "companies-formerly-listed-on-the-london-stock-exchange", "ontario-teachers'-pension-plan", "property-companies-based-in-london", "property-management-companies", "property-services-companies-of-the-united-kingdom", "real-estate-companies-established-in-1853", "real-estate-services-companies-of-the-united-states", "1853-establishments-in-england", "2015-disestablishments-in-england"] description: "Commercial property company based in London, UK" topic_path: "geography/united-kingdom" source: "https://en.wikipedia.org/wiki/DTZ" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Commercial property company based in London, UK ::

::data[format=table title="Infobox company"]

FieldValue
nameDTZ
former_nameDebenham, Tewson & Chinnocks
industryCommercial property
locationLondon, England
founded1853
defunct2015
area_servedWorldwide
key_peopleTod Lickerman (Chief Executive Officer)
num_employees47,000
num_employees_year2014
websitewww.dtzglobal.com
::

| name = DTZ | logo = | former_name = Debenham, Tewson & Chinnocks | industry = Commercial property | location = London, England | founded = 1853 | defunct = 2015 | area_served = Worldwide | key_people = Tod Lickerman (Chief Executive Officer) | services = | num_employees = 47,000 | num_employees_year = 2014 | website = www.dtzglobal.com

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.

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. 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. On 1 September 2015 Cushman & Wakefield and DTZ merged, and the DTZ brand was retired.

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

References

References

  1. "About DTZ: History".
  2. Hosking, Patrick. (8 September 2005). "Investors advised against re electing DTZ chairman". The Times.
  3. [https://web.archive.org/web/20230605110917/https://announcements.asx.com.au/asxpdf/20111205/pdf/42322whv6xd9bl.pdf UGL acquires DTZ for £77.5 million] [[UGL (company). UGL]] 5 December 2011
  4. (6 December 2011). "DTZ becomes a victim of the financial crisis". [[The Daily Telegraph]].
  5. (11 November 2011). "DTZ equity worth little or nothing, shares plunge". [[Reuters]].
  6. [https://web.archive.org/web/20230605114900/https://www.afr.com/companies/ugl-eyes-john-holland-after-1-2b-dtz-buy-20140616-jgrfr UGL eyes John Holland after $1.2b DTZ buy] ''[[Australian Financial Review]]'' 15 June 2014
  7. {{usurped
  8. [https://web.archive.org/web/20150904212328/http://www.cushmanwakefield.com/en/news/2015/09/merger-announcement/ Cushman & Wakefield and DTZ Announce Completion of Merger] [[Cushman & Wakefield]] 2 September 2015
  9. "About Us".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

commercial-real-estate-companiescompanies-based-in-londoncompanies-formerly-listed-on-the-london-stock-exchangeontario-teachers'-pension-planproperty-companies-based-in-londonproperty-management-companiesproperty-services-companies-of-the-united-kingdomreal-estate-companies-established-in-1853real-estate-services-companies-of-the-united-states1853-establishments-in-england2015-disestablishments-in-england