DTZ sees property market picking up

PROPERTY advisory firm DTZ boosted recovery hopes in the sector yesterday, reporting better levels of activity in its key markets of London and Paris.

The group, which operates in 148 cities and employs 10,000 people, added that its operations in Asia Pacific continued to see good levels of business, particularly in China.

In the UK and Ireland, DTZ noted increased activity in the investment and occupier markets, led by central London. This includes advising Macquarie Bank on the acquisition of 217,000sq ft of space at British Land's Ropemaker Place.