NEW YORK, NY,March 8, 2010 – Asia TV USA, Limited, the North American division of a global media conglomerate based in India, has leased 8,841 SF of space on the 35th floor at One Penn Plaza in Manhattan, it was announced today.

One Penn Plaza is the preeminent office tower in the Penn Plaza submarket. The 57-story office tower, designed by Kahn & Jacobs was built in 1972 and is owned and managed by Vornado Realty Trust.

UGL Equis Associate Vice Presidents Abe Bose and Joel Weinberg of the firm’s New York City office represented the interests of Asia TV USA and Vornado Realty Trust was represented by Craig Panzirer.

Asia TV USA was interested in locating a prestigious; high-visibility building that would accommodate future growth and expansion, in order to establish their North American headquarters. The client develops television programming and movie production for the South Asian community residing in the Americas.

Asia TV USA took occupancy on March 1, 2010. Approximately 40 employees made the move.

“Market conditions are such that this is the right time for tenants contemplating relocation into Manhattan,” said Abe Bose. “This was the perfect opportunity for Asia TV USA to make the move. They will benefit from their occupancy at this prestige address for a very favorable, highly competitive rate.”

About UGL Equis Corporation
UGL Equis is a corporate real estate firm that focuses exclusively on the business space user. The company has more than 42,000 affiliated employees in 14 countries around the world through its parent company UGL. Chicago-based UGL Equis provides comprehensive real estate solutions through portfolio strategy and management, transaction advisory, corporate finance, project services, workplace integration, data management, facility management, development management and audit and recovery services for national and global companies with office, industrial and retail opportunities throughout the United States, Mexico, Asia Pacific, Europe and the Middle East. UGL Equis and its sister company UGL Unicco, are subsidiaries of UGL Limited (ASX: UGL). For additional information, please visit www.ugl-equis.com.

For further information, please contact:
Abe Bose – UGL Equis: 212.328.4247 or Abe.Bose@ugl-equis.com
Joel Weinberg – UGL Equis: 212.328.4237 or Joel.Weinberg@ugl-equis.com