Real estate adviser DTZ confirmed on Wednesday that it is 'in discussions with regard to the potential acquisition of Donaldsons,' a privately-owned, UK-based property consultancy with particular expertise in the retail and property management sectors. DTZ added that there 'can be no certainty as to whether any transaction will be completed.'
Real estate adviser DTZ confirmed on Wednesday that it is 'in discussions with regard to the potential acquisition of Donaldsons,' a privately-owned, UK-based property consultancy with particular expertise in the retail and property management sectors. DTZ added that there 'can be no certainty as to whether any transaction will be completed.'
The adviser made the statement after issuing its preliminary results to the year ending on 30 April 2007. DTZ posted a pre-tax profit of £41.8 mln, up almost 41% year-on-year. Turnover rose by 33.5% to £310 mln. Additionally, the company announced it has bought a 50% stake in its Stockholm- based DTZ Sweden for SEK 40.69 mln (£2.96 mln). DTZ is raising its stake from 30% to 80% in the company, which has offices in Stockholm, Göteborg and Malmo.
