Cushman & Wakefield to merge with DTZ

Cushman & Wakefield and DTZ have agreed to merge. Financial terms weren't announced. The new real estate services company will have revenues over $5.5 billion, more than 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients, a statement said. DTZ, a Chicago property services firm, is owned by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan.

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