Property advisory group DTZ Holdings warned on Wednesday that its UK and US operations have been hit by the credit crunch and are unlikely to recover in the short term. The company saw its share price drop by more than 12% following the warning which it put down to economic uncertainty and 'very low levels of activity' in the investment market.
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.
