DTZ is rooted in a long history in the property market, dating from 1784 when one of the predecessor firms, Chesshire Gibson, was founded in Birmingham, UK. Since then, DTZ has developed into one of the largest property advisers in the world.
While the “D” of DTZ represents Frank Gissing Debenham, one of the founding fathers of the company, the “T” and “Z” originate from the company's European joint venture in 1993 with Jean Thouard of France and the Zadelhoff Group in Germany and the Netherlands, where after the company was renamed DTZ. DTZ Holdings plc listed on the London Stock Exchange in 1987.
In 1999 following an equity exchange with Asian partners CY Leung & Co and Edmund Tie & Co, DTZ Debenham Tie Leung was formed.
In December 2006, DTZ consolidated its Asian operations with the 100% integration of DTZ Debenham Tie Leung in North Asia.
In North Asia, DTZ maintains offices in mainland China, Hong Kong, Taiwan, Japan and South Korea. Each office offers on the ground expertise in all aspects of the North Asia property market.
DTZ has a presence in 17 cities in mainland China, namely Beijing, Changsha, Chengdu, Chongqing, Dalian, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Wuhan, Xiamen, Xian and Zhengzhou.
Together with its Hong Kong and Taipei offices, it is the largest and longest established real estate advisory firm in this fast growing market. In 2004, DTZ was awarded a Grade A National Valuation Licence in China, the first and only among international firms.
In October 2008, DTZ established an office in Seoul, South Korea, through the cooperation between DTZ and Prime Asset Advisors Company (PAC).
In 2011, UGL acquired DTZ, expanding globally to 52 countries, and solidifying global property service presence.
In 2012, UGL Services and DTZ Holdings plc. re-branded to 'DTZ'.
In November 2014, DTZ becomes a private independent global property services company as its sale to the private investment consortium of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers' Pension Plan (the TPG & PAG Consortium) completes. DTZ continues to operate under the DTZ brand and offer clients a complete suite of services in every major market around the world.
Visit the History page on the DTZ site for DTZ’s history and global expansion.