Commercial Property News

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Friday, July 13, 2023

DTZ and Donaldsons join forces

DTZ, a leading global property adviser, has acquired the business and assets of Donaldsons LLP, the privately owned, UK-based property consultancy, for an initial consideration of 39.8m, plus deferred consideration of up to 8.8m.

The transaction will significantly enhance DTZ's comprehensive service offering in much of Europe, particularly in relation to retail property. Donaldsons clients will also benefit through access to the broader client-focused property services of DTZ' pan-European and global platforms. The combined business will fully adopt the DTZ brand name from autumn 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 the year ended 30 June 2006, Donaldsons reported turnover of 62.9m (of which 52.2m related to the UK) and profit before tax and distributions to partners of 12.6m (partnership profit). As at 30 June 2006, Donaldsons reported gross assets of 27.3m.