Real estate adviser DTZ posted a full-year pre-tax loss of £35.1 mln (EUR 40.6 mln) in the year to April 2009 following restructuring costs and an 18.4% decline in revenue to £364.1 mln. However, the company has substantially shored up its balance sheet through an additional credit facility of up to £15 mln and said it had also met its cost-cutting targets.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
