Stevens & Bolton LLP has advised media group Metropolis International Group Limited on its acquisition, subject to contract, from UBM plc of the Property Week print magazine and related products for an undisclosed amount. Completion of the acquisition 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.”
The Stevens & Bolton LLP team was led by corporate partner Keith Syson, supported by Nick Atkins (corporate), Kerry Garcia (employment) and Bethan Dodd (real estate).