Investors has bought a central London office property from Land Securities, its biggest deal to date.
The company said it paid 拢73.3m (鈧�92.5m) for 47 Mark Lane in the UK capital鈥檚 City district.
The acquisition increases DTZ鈥檚 assets under management to 拢4.56bn, with 拢280m still left for allocation to direct property on behalf of clients.
DTZ Investors fund manager Kevin O鈥機onnor said the property was the type of asset the company was looking for in a 鈥渟trong growth area鈥�.
The 105,000sqft asset includes office and retail space and is let to AXA Insurance and IBM, as well as food and beverage companies at ground floor level.
Annual rents on the asset are 拢2.9m.
UK REIT Land Securities gave the property a market value range of 拢50m to 拢100m on its website, with its last refurbishment in 2010.
Last month, DTZ rebranded its European investment management arm to DTZ Investors and recruited new staff.
The newly named company combines DTZ鈥檚 existing investment and asset management divisions.
Chris Cooper, formerly head of UK investment management and now chief executive at DTZ Investors, said the company鈥檚 business had grown over the past five years, with 100 staff on board.
