DTZ sold to UGL

DTZ’s epic journey to new ownership could be over, with news that the company had been sold to the Australian UGL Group. The company was placed into administration before the deal went through while operations continued normally. UGL was looking for a platform to widen its Asian coverage.

Richard Leupen, UGL’s managing director and chief executive, said: “Combining UGL and DTZ will create one of the world’s largest property services businesses by revenue and capability allowing us to broaden our existing property services offering across a global footprint.”


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