Lanice Steward, managing director of Knight Frank Anne Porter in Cape Town, recently attended the “Overview, a Global Perspective” conference held by Knight Frank in London at which 22 of the 44 Knight Frank international representatives were present, and an overview of the property industry was given.
Knight Frank is now under the leadership of Alistair Elliott, who has taken over from Nick Tomlinson as chairman as of 1st April and he, along with Andrew Hay, head of the company’s global residential property division and partner in Knight Frank, said that the company is poised to take Knight Frank into a new era.
The company, founded in 1896, has always been at the cutting edge in all aspects of the global property industry, said Steward, and the company philosophy brings this across quite clearly.
During the conference a global perspective of the property industry was given with emphasis being placed on the rise of the Far East and China especially continuing to be one of the countries with the most high net worth individuals (HNWIs).
In the global survey from Knight Frank, London is still seen to be the destination of choice for HNWIs, and is projected to continue to be. This survey was done very much around the 2013 Wealth Report, recently released by Knight Frank, which is available to download at http://www.knightfrankblog.
Africa, said Steward, has been identified by Knight Frank as one of the emerging global growth points. They are already represented in nine African countries, with the key hubs being Kenya, Nigeria, and South Africa, and the granting of a full Knight Frank commercial licence to South Africa is an additional sign of their commitment to growing the list of services it offers to Africa, which includes valuations, property management and commercial letting.
This will ultimately result in this international real estate consultancy providing the integrated prime commercial and residential offerings to the South African market, said Steward.
Knight Frank is positioning itself, said Steward, to offer any information or service relating to property ownership, anywhere in the world. The research on various worldwide destinations that is generated by Knight Frank is freely available on http://www.knightfrank.com/