DTZ has confirmed it is in talks with Donaldsons regarding a potential purchase of the business but said the could be ‘no certainty as to whether any transaction will be completed’.

It made the statement today as it released its preliminary results to the year ending 30 April 2007 revealing a pre tax profit of £41.8m, up 40.9%. Its turnover rose by 33.5% to £310.3m.

It said its negotiations with Donaldsons was consistent with its strategy of ‘developing its business across key markets.’

It also announced that it has increased its shareholding in Stockholm-based company DTZ Sweden paying £2.9m in a cash and shares deal to gain an 80% majority shareholding.

In Australia it has also strengthened its operations through the purchase of Harlow Property Consultants across Australia and New Zealand. Harlow is a specialist industrial and logistics business in North Sydney.