Global property advisor DTZ is seeking to raise up to £55 mln (EUR59.2 mln) of new equity as it struggles to survive the fallouts of the credit crisis. The London-listed broker, which unveiled a pre-tax loss of £11.2 mln in the first half to October 2008, said the equity raising will support the business and 'enable it to trade through a period of prolonged market weakness.'
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
