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DTZ WINS Transit Property Management Contract

For release September 2005

DTZ WINS Transit Property Management Contract

DTZ New Zealand has been awarded the Transit Property Management contract for the Lower North Island and the South Island. The contract commenced 1 July 2005 and is for three years with further rights of renewal.

"This is a significant win for us and it cements our position as a pre-eminent supplier of property management services in the public sector. Transit has placed its trust in us and we are delighted to be working in partnership with them" says Don Smith Manager Property Management .

"We were awarded the new contract based on our track record, experience in the public sector and the approach and methodology we proposed," said Don Smith.

Other prominent public sector contracts held by DTZ include property management for the Land Information New Zealand North Island portfolio which was renewed in a competitive tender in 2004. DTZ has managed the Inland Revenue property portfolio since it was first outsourced in 1998 which was renewed following a competitive tender in 2003. In 2004 the company was appointed to dispose of surplus property for the Ministry of Education.

"Public sector property management requires specialist expertise. In the public sector property is often held in support of a core function, such as roading needs for Transit, rather than as an investment vehicle, this requires specialist management," says Don Smith.

DTZ considered Transit's tendering approach to be both original and farsighted. "The approach used, called the "Brooks Method", provides for preliminary evaluation of tenders on attributes other than price and we considered it to be very positive to see the main focus placed on service and capability," says Smith.

The Transit project will be managed from DTZ's Wellington offices and will also utilise some of the company's Christchurch resources. Day to day management of the contract will be in the hands of Carl Raumati who has had extensive experience managing public sector assets.

ENDS

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