July 27, 2007—DTZ, a global property adviser, has acquired the business and assets of Donaldsons LLP, the privately owned, UK-based property consultancy, for an initial consideration of £39.8 million, plus deferred consideration of up to £8.8 million.
According to DTZ, the transaction will significantly enhance DTZ’s comprehensive service offering in much of Europe, particularly in relation to retail property. Donaldsons clients will reportedly also benefit through access to the broader client-focused property services of DTZ’s pan-European and global platforms. The combined business will fully adopt the DTZ brand name from fall 2007.
Headquartered in London, Donaldsons employs 690 staff in the UK and 220 on continental Europe, a total of 910. It provides property advisory services across a broad range of clients in the UK and continental Europe.
For more information visit the DTZ Web site.
