Metropolis International Group Ltd today announces that it is purchasing, subject to contract, the Property Week print magazine and related products from UBM plc for an undisclosed amount.
The 35 Property Week staff are anticipated to transfer to Metropolis International following completion which is expected to take place in the next six weeks.
Robert Marr, CEO of Metropolis, said: “Property Week is the award winning and leading news brand in the commercial property market. Its weekly magazine, website and mobile apps keep the commercial property industry briefed on the latest news, trends and opportunities. I am delighted to announce the acquisition of this respected brand which I am confident has a strong future within Metropolis, and look forward to welcoming the team on board.”
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About Metropolis International
Metropolis International is a fast growing group, established in 1994, that specialises in business & consumer media, discount & loyalty programmes and business software. It employs 240 people and has offices in West London, Croydon, Bolton, Frome, Plymouth, Dublin and New York.
It remains interested in further opportunities to acquire respected media, software and other businesses that meet its criteria of good management, strong market position, and sustainable revenues.
About UBM plc
UBM plc is a leading global business media company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.