PRESS RELEASE DETAIL


Dec 12, 2011

CoStar Signs Corporate Real Estate Firm UGL Services to Multi-Year Agreement

WASHINGTON, DC, December 12, 2011 -- CoStar Group, Inc. (Nasdaq:CSGP), commercial real estate's leading provider of information and analytic services, today announced that UGL Services, a global corporate real estate firm focusing exclusively on the business-space user, has expanded its subscription to CoStar’s commercial real estate information services and is now using the company’s powerful new iPad app, CoStarGo™. UGL Services is a division of UGL Limited (ASX:UGL).

  • Leading Tenant Advisory Firm adds CoStar COMPS Professional®, the most comprehensive database of commercial comparable sales transactions
  • Advisors in 27 offices across the United States are using CoStarGo™

WASHINGTON, DC, December 12, 2011 -- CoStar Group, Inc. (Nasdaq:CSGP), commercial real estate's leading provider of information and analytic services, today announced that UGL Services, a global corporate real estate firm focusing exclusively on the business-space user, has expanded its subscription to CoStar’s commercial real estate information services and is now using the company’s powerful new iPad app, CoStarGo™. UGL Services is a division of UGL Limited (ASX:UGL).

Under the new multi-year agreement, all 27 U.S. offices of UGL Services will gain access to CoStar COMPS Professional®, the most comprehensive national database of commercial comparable sales transactions. The new service complements UGL’s current subscriptions to CoStar Property Professional® and CoStar Tenant®. UGL Services advisors will now be able to take the power of these three products into the field using CoStarGo. Introduced this past summer, CoStarGo provides commercial real estate professionals unfettered, mobile access to CoStar's extensive property and market data, sales comparables and tenant information via the iPad.

"We have enjoyed a long relationship with CoStar,” said David Montross, CEO of UGL Services. “CoStar's data and information provides our advisors with valuable information and analytical tools which allow them to identify the best opportunities on behalf of our clients. CoStarGo makes accessing the data even easier and brings the power of CoStar into the field, making our advisors even more productive with our clients. We are excited to use this revolutionary technology across the entire company throughout the U.S."

"We're extremely pleased to provide the information tools and research resources that help longtime subscribers like UGL Services deliver the highest level of service to their real estate clients," said Andrew C. Florance, CoStar Group's founder and CEO. "Our comprehensive research and verified information on commercial properties and tenants helps subscribers identify available space for rent and for-sale opportunities, facilitate transactions and greatly increase productivity. We believe our commitment to providing subscribers with the highest quality commercial real estate information is reflected in our outstanding renewal record with prestigious real estate firms such as UGL Services."

CoStar Property Professional® offers the most complete inventory of U.S. commercial properties of all asset types and sophisticated software to research leasing options, analyze market conditions and demographic data, and position properties in the marketplace. CoStar Tenant® is a comprehensive database of detailed tenant information for prospecting and analyses with sophisticated search capabilities.

About UGL Services
UGL Services is a division of UGL Limited that provides outsourcing services to property users worldwide. The business has an end-to-end model that includes corporate real estate advisory, integrated facilities management and project management services. The comprehensive service platform enables UGL Services customers to delegate key facilities and real estate functions to a single entity to realize operational and strategic benefits. For further information about UGL Services in North America, call 888-751-9100 or visit www.ugl-equis.com.

About UGL Limited
UGL Limited (ASX: UGL) is an engineering, maintenance, corporate real estate services and facilities management company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australia, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 48,000 people. For more information, visit www.ugllimited.com.

About CoStar Group, Inc.
CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information and analytic services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret, and gain unmatched insight on commercial property values, market conditions, tenants and current availabilities. Headquartered in Washington, D.C., CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry's largest professional research organization. For more information, visit www.costar.com.

 


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