DRC and DTZ form joint venture for disposal advice

DTZ and Deutsche RealCorp (DRC) have set up a 50/50 joint venture under the name DTZ RealCorp. The aim of the new company is to advise businesses on the sale of their property assets using DRC's sale-and-lease-back model, while at the same time, creating an investment product for institutional investors. 'Cooperation with DTZ increases the scope of the sale-and-lease-back model and gives businesses access to the capital markets,' said Matthais Gehrmann, of DRC, one of the new company's two managing directors.