Australian support services group UGL is seeking to make a rival offer for DTZ, endangering a bid by major shareholder Saint George Participations (SGP), according to a report in UK newspaper The Telegraph. UGL is being advised by Goldman Sachs, the paper said.

SGP wants to take the London-listed property adviser private prior to a merger with BNP Paribas Real Estate.

On 20 June DTZ said it was still reviewing 'approaches of interest', including the one from SGP.