MANAGER Trade Publishing (MTP), the subsidiary of Thai-based publishing house Manager International, has picked up another Travel and Trade Publishing (TTP) title, Asian Property, which folded in August 1991.
TTP, which was based in Hongkong, shut down four of its five magazines between August 1991 and August last year.
MTP funded a management buyout of TTP's regional advertising title Asian Advertising & Marketing in October last year for an undisclosed sum and has now added Asian Property, the monthly property trade magazine, to its stable.
Asian Property is in the hands of ex-Asian Business Press publisher Mr Chris Hemmings who is the managing director of MTP, based in Singapore.
''Under Hongkong law, titles have to be registered with the Government and because Asian Property had ceased publication it was no longer registered,'' Mr Hemmings said.
''We just applied to the authorities for the name of Asian Property and so acquired the title.'' The magazine will re-launch as a regional monthly tabloid in October.
Its focus will be commercial property as well as residential property from a developer's point of view. Circulation will be among estate agents, government and property developers.