IRELAND - Real estate specialists Knight Frank and Hamilton Osborne King (HOK) have formed a strategic association to capitalise on the growing market for Irish investment in the UK and Europe.
The agreement covers commercial, development and residential property.
John Martin, senior partner at Knight Frank, said: “This agreement will give us both presence and reach in the burgeoning Irish investment market and we are keen to develop Irish commercial investment activity in the UK and Europe.
“Importantly, the agreement also incorporates residential where HOK and Knight Frank have worked successfully for twenty years and our combined expertise in this area will strengthen our joint coverage and market share in the Irish domestic market where international purchasers have always played a significant part.”
The news follows the appointment of Kieran Cotter who will join HOK, and be on permanent secondment to Knight Frank, based in London.
Cotter has specialised in Irish investment into the UK over the past four years and has been involved with the acquisition of investment property totalling over £500m on behalf of Irish Investors.
Aidan O’Hogan, managing director of HOK, said: “We have built up our international business significantly in recent years and this new association agreement will give fresh impetus to our business.
“With over 100 property acquisitions in the UK for Irish clients and a further 15 in mainland Europe, we have acquired e1.5bn worth of overseas properties for Irish investors and are the clear market leaders in this sector.”
“We were particularly attracted to Knight Frank’s strength across Europe which is where we are leading the next wave of Irish investment,” he added.
HOK has offices in Dublin, Cork and Belfast and a turnover of about e20m.
Knight Frank also has a strategic alliance with Grubb & Ellis in the US.
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