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LONDON-DTZ and its US affiliate the Staubach Company has been appointed advise Novell on the real estate implications of its acquisition of Cambridge Technology Partners. The portfolio includes more than 1.6 million sf on 95 sites in 51 markets across the Americas, Europe and Asia Pacific.

DTZ expects to complete the project, including acquisitions and disposals, by the end of 2001. David Hughes, Director of DTZ’s corporate real estate division said: ‘This is a challenging but exciting project and we are delighted to help Novell secure significant cost savings. Close cooperation with The Staubach Company in the Americas has made this a truly global exercise’.

And John Hankey, Vice President for Real Estate for Novell, said: ‘TZ provided a preferred option for every location, with significant estimated overall savings equivalent to a 33% reduction from existing obligations.’

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