DTZ
| Formerly | Debenham, Tewson & Chinnocks |
|---|---|
| Industry | Commercial property |
| Founded | 1853 |
| Defunct | 2015 |
| Headquarters | London, England |
Area served | Worldwide |
| Key people | Tod Lickerman (Chief Executive Officer) |
Number of employees | 47,000 (2014) |
| Website | www.dtzglobal.com |
DTZ was a London-based commercial property company, which grew via mergers into a multi-national business. The group made major acquisitions just before the 2008 financial crisis which over extended its finances. The Great Recession of 2007-09 left DTZ in serious financial difficulties, and the company went into administration in 2011, which wiped out its equity shareholders. DTZ was then sold to UGL to meet debt obligations, and later merged with Cushman & Wakefield in 2015, who retired the brand.