** UPDATE: 27th September 2013… Property Week has been sold to Metropolis International, subject to contract. The magazine’s 35 staff will transfer to Metropolis following completion.
UBM has also sold its North American IT channel business to a management-led investment group. The combined cash proceeds from these disposals are around £8.5m…**
The battle for Property Week is coming to a head. It sounds as though there’s been something of a bidding war for B2B publisher UBM’s flagship property magazine, with Croydon-based Metropolis now nosing ahead in the final stretch.