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Staubach and DTZ ink global joint venture

DALLAS - The Staubach Co., Dallas, and Singapore-based DTZ Debenham Tie Leung have created a joint venture - DTZ Staubach Tie Leung. The new company, effective this month, will provide clients access to markets in 140 cities in 33 countries worldwide.

DTZ Staubach Tie Leung will handle intercontinental client relationships for multinational corporations and will be led by the JV's managing director Patrick Moultrup, Staubach's president of international services. Each company will hold one-third equity interest in the new joint venture.

Roger Staubach, chairman of The Staubach Co., described the deal as a chance to link up with a company that has a "like-minded service philosophy, an innovative approach to real estate and expertise in a range of services on a global level."

DTZ Debenham Tie Leung is owned by DTZ - a European-based property adviser with offices in 23 countries - as well as Hong Kong-based CY Leung & Co. and Singapore-based Edmund Tie & Co.

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