“Knight Frank, the global real estate consultancy with more than 12,000 employees in 350 offices, is ending its association with the Ganly Waters Partnership as part of its wider European strategy to establish “best in class” representation in all key markets in which it operates.
Knight Frank is fully committed to Ireland and following this strategic review is joining forces with HT Meagher O’Reilly as of 1st May 2013.
Chris Bell, Managing Director of Europe, commented: “HT Meagher O’Reilly is an outstanding firm with exceptional people. Its culture and strategy fit perfectly with our objectives here at Knight Frank and I look forward to working with Declan, James and Adrian to push this exciting new relationship forward.”
HT Meagher O’Reilly, formed in 2004, with a staff of over 30 people, is the leading Irish owned property advisory firm. It has consistently performed at the top end of its core sectors and has been involved in the majority of major office deals transacted in Dublin in recent years, in addition to a large number of the major investment and development land transactions. Its residential business has made significant strides in the residential investment market. The Knight Frank brand will greatly enhance this side of the business.
Declan O’Reilly commented: “we are delighted with the opportunity to grow our business with the world’s largest privately owned global property agency. It will give us unparalleled access to Global Capital Markets and at a time when Ireland’s property market is starting to recover. This is an ideal time for us to use the Knight Frank network to bring much needed International Capital and clients to Ireland.
Knight Frank have unrivalled access to major Global occupiers which will strengthen our depth in the office market which has already started to recover here and their experience in marketing major international landmark buildings like the Shard in London will give us a great edge in our marketing of Dublin’s top office properties.
The announcement of their alliance with Knight Frank LLP marks a significant milestone in the history of the company. Clients increasingly demand global presence from their advisors and the relationship with Knight Frank will allow them to offer services from the world’s leading independent property consultancy. Knight Frank has been at the forefront of some of the leading transactions in the global market – Kanam, Battersea Power Station etc. – all of which were derived from foreign capital investing in established markets. They welcome to opportunity of introducing similar expertise to the Irish market.
James Meagher commented “our new relationship with Knight Frank will bring our business global and provide our clients with access to an international audience. The HT Meagher O’Reilly culture built over the last 10 years of trust and dedication to client services will remain and strengthen. From a residential perspective, Knight Frank are a leading brand in international sales and this will also help us drive our residential business to the top tier.”
Knight Frank is one of the top Global Property brands, and with deals such as the purchase of Milton and Shire House in London for the Malaysian Fund Permodalan Nasional Berhad (PNB) for over €400 million, operates at the pinnacle of the international property industry.