Cushman & Wakefield has announced the intended acquisition of a substantial majority in its affiliate in the Netherlands DTZ Zadelhoff, creating a real estate market leader and bringing the country’s organisational structure in line with the company globally.
Cushman & Wakefield and DTZ Zadelhoff have been operating as separate businesses in the short period since the global merger was announced on September 2nd. The merger of the two businesses is subject to regulatory approval and customary closing conditions.
Until 1st January 2016, DTZ Zadelhoff operates as a partnership of 14 partners participating through legal entities with limited liability, with DTZ International (Cushman & Wakefield) owning a minority interest.
The combined firm of some 550 partners and employees work with clients including Syntrus Achmea Real Estate & Finance, Prologis, ING, CBRE Global Investors and Unibail-Rodamco. Details of the leadership roles within the Netherlands will be announced at a later date.
Source: Cushman & Wakefield
