We are pleased to announce that DTZ has entered into an agreement to merge with Cushman & Wakefield to become one of the largest global real estate services companies in the world. Our expanded full-service offering will provide a unique combination of deep local market presence with significant scale in core services in the major global markets.
The iconic Cushman & Wakefield brand will unite the new company and we are excited about the remarkable compatibility of our two firms. Our client-centric and highly skilled talent will continue to drive broader and deeper capabilities within local markets and with an expanded presence around the world.
With the new combined company, we will be able to tap into greater pool of resources to ultimately deliver superior results for clients. You will experience access to a broader set of best-in-class resources while continuing to see the benefits of our current global presence and breadth of services.
The combined company will be led by an exceptional executive leadership team and backed by progressive private equity ownership that will continue to invest in the company, talent and technology, with the intention of expanding its international reach and local expertise.
You can learn more about this exciting development in our press release here.
The merger is expected to close before the end of this calendar year, subject to regulatory approvals. Until this time, the companies will continue to operate as separate entities. We will remain focused on our commitment to our clients and continuing to provide the high-quality client service you expect from us.
I’m delighted at the mix of talent that the new company will bring and while we will continue to operate as separate companies until the merger is complete, we look forward to continuing to put your needs at the forefront of all that we do.