Cushman & Wakefield and DTZ have reached an agreement to merge and are set to become one of the largest global real estate services companies.
The new company will be operating under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients.
The transaction is expected to close before the end of the year.
Read more about the merger here.