The world's largest independent property agency, Knight Frank, has just released its latest global financial results which show a record £162m profit and £443m turnover for the year ended March 31, 2015. The group profit before tax was up 19 percent, and the group turnover was up 13 percent.
While many Asia Pacific countries have been affected by China’s slowing economic growth and the imposition of property cooling measures, the firm says Knight Frank India and Knight Frank Australia have both performed exceptionally and increased their profiles significantly.
"A fundamental driver of the growth of Knight Frank Australia has been our focus on key areas of expansion across the business," said Stephen Ellis, Chief Executive Officer for Knight Frank Australia.
"This includes New South Wales, which has developed profoundly in recent years with a number of significant market transactions and appointments. Further growth sectors we are focused on include Industrial, Asset Management Services, Project Management and Building Consultancy, Valuations, Capital Markets and Residential.
"Across the business, Knight Frank Australia has made a number of key appointments within sectors such as Capital Markets and Residential," said Ellis.
Get to know Sam Kandil