Second successive record breaking year for DTZ Investment Management in 2011
DTZ Investment Management (DTZ IM) continued their acquisition programme in 2011 completing £730m of transactions with a further £100m completing in the first week of 2012. This breaks their record of £700m in 2010, which at the time was a record in the 40 year history.
DTZ IM has actively invested in the UK for a number of pension fund clients looking to increase their property weightings. Notable deals during the course of the year included the purchase of the £95 million Cobalt Portfolio from Wellcome Trust, an off-market £30 million acquisition on Jermyn Street, SW1, the closing of a £30 million industrial portfolio acquisition shortly before Christmas, as well as three separate assets in Glasgow, totalling £45 million.
Chris Cooper, Head of DTZ IM, said: “As significant net investors into the market we enjoyed a very strong year. This was highlighted by independent research indicating that we posted the largest increase in assets under management of the top 30 fund managers to end June 2010.
"Our buying strategy focused principally on multi-let assets that offered good income diversification and asset management upside. A number of our funds remain positive about the mid-term opportunities for the UK property market, and with more than £50 million of assets currently under offer, we look forward to another busy year in 2011."
DTZ Investment Management is an award-winning, research-driven investment house, which has provided specialist real estate fund management services to clients for more than 40 years. The team manages around £3.2 billion of real estate in the UK for a combination of pension funds, charities and opportunity fund investors. Since 2000, funds managed by DTZ IM have won ten performance awards from IPD, including the best performing fund on a 10-year risk adjusted basis in 2006, 2007, 2008 and 2009.
For further information contact: