DTZ takes over Swedish real estate adviser

Global property adviser DTZ said on Friday it has acquired Fastighetsplanering, a privately-owned commercial real estate adviser based in Stockholm, Sweden. Through this acquisition, DTZ will be able to provide new commercial leasing services and further strengthen its real estate advisory offering in the country. Fastighetsplanering will shortly be rebranded as DTZ and become part of DTZ Sweden, the company said in a statement.

DTZ will initially pay some SEK 5.5 mln (EUR 585,000) for the company, followed by another SEK 2.2 mln over the next three years, based on the financial performance of the Fastighetsplanering business.

DTZ Sweden, which has offices in Stockholm, Göteborg and Malmo, was ranked by EuroMoney in 2006 as the best property and valuation company in Sweden for the second year in a row. Following the acquisition, the firm will have some 60 staff, headed by managing director Agneta Jacobsson who was named as Fastighetsagarna Stockholm's Real Estate Woman of the Year 2007.

DTZ Sweden provides valuation, investment advisory/ sales, occupier services, research and, now, commercial leasing advice. In July, DTZ announced that it had increased its shareholding in DTZ Sweden from 30% to 80%.