Debenham Thouard Zadelhoff (DTZ)
Industry Commercial Real Estate Services
Headquarters Chicago, Illinois, U.S.
Area served
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

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
Tenant Representation
Valuation Services
*DTZ Services

**DTZ Investors
Number of employees
Website http://www.dtz.com/

Debenham Thouard Zadelhoff, known as DTZ, was a European joint venture originated from UK, France and Germany, operating as a commercial real estate services firm.

On September 1, 2015, Cushman & Wakefield and DTZ merged.[1] The firm now operates under the Cushman & Wakefield brand and has a new visual identity and logo. The new Cushman & Wakefield is majority owned by an investor group led by TPG, PAG, and OTPP.


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

Beginnings in London with second predecessor Debenham and Tewson.

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

A European joint venture and creation on a new entity with Jean Thouard of France, and the Zadelhoff Group in Germany and the Netherlands, creates the DTZ brand.

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.

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

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

Moves global headquarters from London to US.

UGL sells DTZ to a private equity consortium comprising TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (OTPP).[2]

On December 31, 2014, the TPG Consortium purchases US commercial real estate firm Cassidy Turley, adding 4,000 employees and 900 brokers.[3] The new DTZ now has more than 28,000 employees in more than 260 offices in 50 countries.

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.[4]

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 43,000+ employees.[5]


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