DTZ Real Estate: What is their deal?
I am curious what the reputation of DTZ is in the industry worldwide. Obviously, you have the big boys like JLL, CBRE, etc, but I have never heard of DTZ before applying for a position there.
How are they as a real estate firm? Brokerage teams? Compensation? Exit ops? Reputation?
Thanks
interested
Its part of UGL. UGL is widely known brokerage firm. There were rumors the UGL wants to spin off DTZ but who knows.
I don't really know the relationship there very well (are they a subsidiary, is it fully combined but they kept the name?). I see UGL in a lot of the leasing industry publications but not DTZ...
I know guys who used to work for DTZ Rockwood, which was a good firm at the time, but that was years ago before they went bankrupt. They also despised the firm's leadership back then.
I don't see the DTZ name around much these days. Sorry I can't be more helpful.
DTZ is a global real estate firm, pretty much with CBRE, and JLL. DTZ was acquired by UGL as expansion into the U.S. market. Right now, the majority business is office leasing. One small group of Capital Markets in New York.
DTZ is a large global consultant and brokerage firm like JLL or CBRE...
DTZ is definitely one of the Top. For your curiosity, here is something you can take a look.
Also, DTZ has different rankings in different region in the world. e.g DTZ ranks Top #1 in China.
http://www.propertyweek.com/Journals/Builder_Group/Property_Week/18_May…(£m).pdf
Fair, but in America they aren't even top 10.
I assume OP is applying in America
Thanks Everyone.
Yes, I am applying in America.
Has anyone had any experience with their Associate program? Or Transaction Advisory?
The program should be hiring leasing/tenant rep broker for manhattan office buildings. There is no difference from general office brokerage house in CBRE or JLL, but the DTZ's new york team is much smaller than the otehr competitors.
DTZ Real estate (Originally Posted: 07/20/2015)
I am curious what the reputation of DTZ in the industry worldwide. How are they as a real estate firm and what are their capabilities?
Thanks
Their capabilities are brokering deals...because that's what they do....because...they're a brokerage.
DTZ bought C&W and I've heard that they're keeping C&W's name. DTZ itself (a year ago) was an average big brokerage with a large facility management/engineering aura. They used to be a lot bigger in Europe. Now with the purchase of Cassidy Turley and C&W they are a very big player in America et al. Its TBD how the synergies will work in city to city between DTZ and it's acquisitions. I haven't read about any big players leaving C&W or Cassidy due to the change (except C&W's CEO, Rufrano, who might have seen the writing on the wall before the transaction).
I never understood the "acquire other brokerage" strategy that some big brokers like to use. They are acquiring talent and debt/liabilities when they acquire brokerages. Why not just recruit and cherry pick the brokers that you want and pay them a fee to switch over? They end up acquiring the brokerage, having the top dogs leave because the change in culture is too much for them and then they're stuck with a lackluster brokerage with a bunch of average employees who never even signed up to work for the new firm. Just seems very nearsighted to me.
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