UGL may shelve A$1.2b sale of property services arm
[SYDNEY] Australian engineering and property management company UGL Ltd will likely shelve the planned A$1.2 billion (S$1.4 billion) sale of its property services arm after it received just one binding offer for the asset, a source familiar with the process told Reuters.
Sydney-based UGL will also probably cancel an earlier plan to demerge its DTZ global real estate services business by listing its shares and will instead concentrate on improving the unit's performanc…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Asking rents down as demand slows and rental listings surge
Chinese restaurants spur Hong Kong’s retail property recovery
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Eurozone consumers increasingly struggle to pay for housing
Too many property agents? Cap commissions on home sales
URA releases reserve list site in Zion Road after developer commits to bid at least S$604.6 million