UGL to launch spin-off of property arm

Group expected to announce split of engineering, property arms with FY results.

UGL (UGL) will move forward with plans to spin-off its DTZ property business into a new, listed entity as it looks to ensure stronger valuations for its businesses in the investment community, The Australian reports.

According to the newspaper, UGL chief executive Richard Leupen will announce the plans as part of the group's full-year profit results today.


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