Curzon Global UK has a 50% interest in Curzon Global Partners. The latter was set up in June 1999 as part of a business alliance between DTZ and AEW to provide clients with access to investment opportunities in North America, Europe and the Middle East. This business alliance between AEW and DTZ will be unaffected by the change of ownership.

The sale will give DTZ an estimated exceptional profit of £4.4 million ($7 million) for the year. The company will also retain an option to participate in the next Curzon Capital Partners fund offering.

Mark Struckett, Chief Executive of DTZ said: "Together with AEW we have created a significant new player in the European fund creation market which has benefited us both. However, this market is ripe for considerable corporate consolidation and DTZ's continued involvement would have required a level of investment out of proportion to the rest of our business."

He added: "We retain and remain committed to our wholly-owned, long-established UK Fund Management business which provides strategic discretionary and advisory management of segregated portfolios for pension funds and charities in the UK. This business has performed successfully in recent years generating exceptional client returns and we intend to continue developing and driving it forward."