Actual property consultancy Knight Frank has launched a non-public workplace in Australia for prime web price purchasers.
The workplace will function with the assist of its Australia and New Zealand companions, McGrath Property Brokers and Bayleys.
Knight Frank will supply an acquisitions, gross sales and funding service throughout each actual property sector.
James Patterson, chief govt of Knight Frank, mentioned: “We’re excited to launch a brand new Personal Workplace in Australia.
“We imagine the timing is correct given the sturdy partnerships we now have fashioned lately with McGrath and Bayleys, and the excessive demand from personal capital.
“Our providing shall be considerably bolstered by not solely Knight Frank’s international community, however the networks of those companions.
“Collectively this footprint across the globe offers our Personal Workplace purchasers with unparalleled experience, connections and alternatives.
“We look ahead to cementing Knight Frank’s international place as a trusted accomplice for the world’s wealthiest purchasers.”
Knight Frank additionally has personal places of work in London, Hong Kong, Singapore, Dubai and Jeddah.
Ari Petrovs is heading up the Australia workplace, who beforehand ran his personal improvement, advisory and undertaking advertising and marketing agency referred to as The Petrovs Property Kompany.
Earlier than that he held quite a lot of roles at industrial actual property agency CBRE.
The personal workplace staff can even encompass ambassadors, together with Knight Frank chief govt James Patterson, McGrath chief govt John McGrath, McGrath head of worldwide and personal purchasers Adam Ross and Bayleys chairman and managing director Mike Bayley.
Knight Frank and New Zealand-based Bayleys, each privately owned, have had a strategic relationship since 2018, and collectively in June 2024 the 2 companies acquired a controlling stake in McGrath.
John McGrath, chief govt of McGrath, mentioned: “Australia’s rising wealth panorama has created a transparent want for a complicated Personal Workplace providing; one which delivers discretion, technique and true international attain.
“By way of this partnership, we’re uniquely positioned to help the actual property necessities of high-net-worth households and people, accessing Knight Frank’s worldwide community and deep market intelligence.
“We’ve got already developed a robust working relationship with them globally that has resulted in some wonderful transactions for McGrath and our purchasers, so to have a devoted staff right here in Australia, I imagine shall be invaluable for our purchasers.”
