DTZ ''to buy rival commercial property firm'' - commercial mortgages

06 July 2007

The Times newspaper has advised that any such purchase would allow DTZ to have more time to advise on investing in retail, as well as providing it with the scope to compete with larger competitors such as CB Richard Ellis.

Analysts told the times that the amount of money flowing in to commercial property continued to surpass the property that was actually available on the market.

"For every £1 of commercial property coming on to the market £4 is chasing it whereas last year £5 was chasing every £1 of sales," commented DTZ chief executive Mark Struckett, speaking to the Times.

Any such deal would involve DTZ gaining control of around 100 retail parks and shopping malls in the UK, the newspaper added.

Commercial mortgages are becoming increasingly attractive to those looking to make the step up following good returns in the residential market, it was reported earlier this week.