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DTZ said this week that it remains cautious about the outlook for commercial property, warning that the government's cost-cutting regime could hinder the markets recovery.
Announcing the company's hill year results to HO April, chief executive Paul Idzik said: "One of the things we are very focused on is if you look at the UK overall, approximately 20% of the office employment is government related and, depending on how that changes, that could soften markets a bit, and we want to watch that." he said.
DTZ said it had narrowed its losses after an extensive cost reduction programme, postinga pretax loss...