Knight Frank

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Knight Frank LLP
Type Limited liability partnership
Industry Estate agents
Founded 1896
Headquarters 55 Baker Street, London, UK
Key people Nick Thomlinson, Senior Partner & Chairman
Products Residential and commercial property services
Employees 7,067 (2011)
Website www.knightfrank.com

Knight Frank LLP is an independent global residential[1][2][3] and commercial property consultancy founded in London in 1896. Knight Frank together with its New York-based affiliate Newmark Knight Frank is one of the world's leading independent global property consultancies.[4][5][6][7]

Its global network encompasses 244 offices and more than 7,067 professionals handle in excess of US$817 billion (£498 billion) worth of commercial, agricultural and residential real estate annually.
Knight Frank advise clients ranging from individual owners and buyers to major developers, investors, corporate tenants and government bodies.[8][9][10]

Contents

[edit] History

Knight Frank & Rutley is an earlier name of the firm. Sir Howard George Frank, 1st Baronet was an estate agent recognised as the "head" of the real estate profession in the United Kingdom. He was head of the firms of Knight, Frank & Rutley of London and Walton & Lee of Edinburgh and was president of the Estate Agents' Institute from 1912 to 1914.

1897: The first recorded business property sale is achieved in November, when Knight Frank & Rutley sells a ‘cycle machinery and plant’ business in Battersea for £270 11s 6d.
1911: The Crystal Palace is sold to Lord Plymouth for £210,000.[11]
1914: Howard Frank, the senior partner, is knighted.
1915: Cecil Chubb buys Stonehenge through Knight Frank & Rutley for £6,600 as a present for his wife. She gives it to the nation three years later.
1921: The town of Reigate is sold by Knight Frank & Rutley for £203,840 – the first time the firm has disposed of an entire town.
1922: The firm handles the sale of Winston Churchill’s house and sells Chartwell to him.
1924: The Duke of Westminster sells Grosvenor House in Park Lane through Knight Frank & Rutley.
1927: The firm advises on the site assembly for the BBC’s world famous headquarters, Broadcasting House in London.
1937: Most of the town of Lytham St Annes in Lancashire is sold – including the celebrated golf course.
1974: Fountains Abbey, Yorkshire, dating back to 1132, is sold for £1 million.
1981: In New York, Douglas Elliman Knight Frank sells Pan-American World Airways Intercontinental Hotels Corporation to Grand Metropolitan for $500 million.
1996: On 1 January, ‘Rutley’ is dropped from the Knight Frank name as part of a plan to expand international market share.
2000: Knight Frank sells the Duke of York’s Headquarters in Chelsea, London, on behalf of the Ministry of Defence.
2005: The firm is appointed to advise on the development of the London Olympic Village for the 2012 Games.
2006: With effect from 1 January, Knight Frank establishes a global real estate partnership with leading New York-based real estate service firm Newmark Knight Frank, formerly Newmark.
2010: Knight Frank launches property app for iPhone.
2012: January, Knight Frank launches property app for iPad.
2012: February, presents Battersea Power Station to the global property market.[12][13]

[edit] Property Research

Knight Frank provide regional and global research reports on the latest property trends and statistics. Their research is re-produced the world over in respected journals, publications and websites, and provides strategic advice and forecasting to government bodies, developers, investors and financial and corporate institutions.[14][15]

[edit] Global House Price Index

The Knight Frank Global House Price Index is compiled using official government statistical office or central bank data where possible.[16][17][18][19][20]

[edit] House Price Sentiment Index (HPSI)

The Knight Frank/Markit House Price Sentiment Index (HPSI) provides the earliest view of how the UK housing market is faring. The monthly survey gauges the sentiment of households across the country, and is a lead indicator of future house price movement.[21][22][23][24]

[edit] Country House Index

The Knight Frank Country House Index is a valuation based index, compiled quarterly from valuations prepared by professional valuers in every Knight Frank Country House office in the UK. The index is based on the valuation of a comprehensive basket of properties throughout all United Kingdom regions based on actual sales evidence.[25][26][27][28]

[edit] Prime Central London Index

The Knight Frank Prime Central London Index, established in 1976, is the longest running and most comprehensive index covering the prime central London residential marketplace. The index is based on a repeat valuation methodology that tracks capital values of prime central London residential property.[29][30][31]

[edit] The Wealth Report

The Wealth Report is an annual publication produced by Knight Frank and Citi Private Bank. The Wealth Report looks at global prime property trends and wealth, and examines the prime and super-prime property markets.[32][33][34]

[edit] Key Financials

(11 months to 31 March 2010)

  • UK turnover £185 million (2010: £173 million)
  • Continental Europe £227 million (2010: £213 million)
  • Worldwide turnover £358 million (2010: £320 million)[35][36][37]

[edit] Company Information

Offices

  • UK: 59 offices
  • Continental Europe: 58 offices in 17 countries
  • Africa and Middle East: 23 offices in 11 countries
  • Asia Pacific: 47 offices in 11 countries
  • Americas & Canada: 57 offices in 4 countries
  • Worldwide total: 244 offices worldwide, in 43 countries, in six continents


People

  • 60 Proprietary Partners
  • 1,334 total UK staff
  • 966 total Continental Europe staff
  • 2,663 total Asia Pacific staff
  • 345 total Africa staff
  • 15 total Middle East staff
  • 1,774 total Americas staff
  • 4717 total worldwide staff (excluding affiliates)
  • 7067 total worldwide staff (including affiliates

[edit] Products and Services

Commercial Property Residential Property
Sales and Lettings Sales and Lettings
Office Agency Affordable Housing
Retail Corporate Recovery and Reconstruction
Industrial Institutional Consultancy
Healthcare International Development
Hotels Property Investment
Tenant Representation Leasehold Reform
Business Rates Mixed Use
Building, Planning and Development Rural Property
Landlord and Tenant Student Property
Property Asset Management Valuations

[edit] Notes

  1. ^ http://www.bbc.co.uk/news/business-16288438
  2. ^ http://online.wsj.com/article/SB10001424053111904836104576556741178121816.html?KEYWORDS=knight+frankKEYWORDS%3Dknight+frank
  3. ^ http://europe-re.com/system/main.php?pageid=2616&articleid=17586
  4. ^ Knight Frank recruits leading Munich team to open second German office (DE)
  5. ^ http://www.bbc.co.uk/news/10506348
  6. ^ http://blogs.telegraph.co.uk/finance/tag/knight-frank/
  7. ^ http://online.wsj.com/article/SB10001424053111903366504576488013550999614.html?KEYWORDS=knight+frank
  8. ^ About us. Knight Frank
  9. ^ http://www.knightfrank.com/documents/about-us/GlobalFactsheet.pdf Factsheet 2010/11
  10. ^ http://www.estatesgazette.com/deals/
  11. ^ [1]
  12. ^ http://www.bbc.co.uk/news/uk-england-london-17159188
  13. ^ http://www.knightfrank.co.uk/news/Knight-Frank-brings-Battersea-Power-Station-to-global-market-0848.aspx
  14. ^ http://my.knightfrank.com/research/
  15. ^ http://europe-re.com/system/main.php?pageid=2616&articleid=17586
  16. ^ http://resources.knightfrank.com/getnewsresource.ashx?id=78681084-ee8a-4d05-b627-8a715b25fa89&type=1
  17. ^ http://blogs.telegraph.co.uk/finance/ianmcowie/100013552/global-house-prices-hit-by-credit-crunch-and-eurozone-crisis-but-the-rich-are-ok/
  18. ^ http://www.ft.com/cms/s/0/920c4390-1ce3-11e1-a134-00144feabdc0.html#axzz1kkwBKx5b
  19. ^ http://blogs.wsj.com/scene/2011/12/01/hong-kong-home-prices-rising-fast/
  20. ^ http://www.property-report.com/knight-frank-releases-predictions-for-housing-market-in-2012-18189
  21. ^ http://my.knightfrank.com/research-reports/knight-frank-and-markit's-house-price-sentiment-index-(hpsi).aspx
  22. ^ http://www.ft.com/cms/s/0/f1a27f90-fbbe-11e0-9283-00144feab49a.html
  23. ^ http://www.cityam.com/living/property-news-55
  24. ^ http://www.ipinglobal.com/ipin-live/406206/uk-house-prices-down-in-january
  25. ^ http://my.knightfrank.com/research-reports/uk-prime-country-house-index.aspx
  26. ^ http://www.countrylife.co.uk/news/article/529526/Country-house-prices-decline.html
  27. ^ http://www.ft.com/cms/s/2/44c452e2-a71a-11e0-a808-00144feabdc0.html#axzz1kkwBKx5b
  28. ^ http://globalbriefing.knightfrank.com/post/2012/01/18/Super-prime-country-market-set-for-new-divide.aspx
  29. ^ http://my.knightfrank.com/research-reports/prime-central-london-sales-index.aspx
  30. ^ http://www.ipinglobal.com/ipin-live/406191/prime-london-property-prices-up-40-since-march-2009
  31. ^ http://www.ft.com/cms/s/0/9444fbcc-ffb3-11e0-8441-00144feabdc0.html#axzz1kkwBKx5b
  32. ^ http://www.knightfrank.com/wealthreport/
  33. ^ http://blogs.wsj.com/wealth/2011/04/06/indias-rich-are-the-most-eager-for-yachts-and-jets/
  34. ^ http://www.ft.com/cms/s/0/2c6be552-3619-11df-aa43-00144feabdc0.html#axzz1kkwBKx5b
  35. ^ http://www.dailymail.co.uk/money/article-1315440/Estate-agent-Knight-Frank-bonuses-soar.html
  36. ^ http://www.thebusinessdesk.com/northwest/news/69364-profits-rise-at-knight-frank.html
  37. ^ http://www.nebusiness.co.uk/business-news/latest-business-news/2010/09/27/caution-as-profits-rise-at-estate-agent-knight-frank-51140-27346347/

[edit] External links

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