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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