Newspaper article The Journal (Newcastle, England)

Knight Frank Has Best Twelve Months in 24-Year History

Newspaper article The Journal (Newcastle, England)

Knight Frank Has Best Twelve Months in 24-Year History

Article excerpt

KNIGHT Frank Newcastle has shrugged off the uncertainty Brexit has brought to the property market to achieve its best 12 months in 24 years.

Turnover at the firm is up 27% per cent on last year and business is showing no signs of slowing down for the remainder of 2018. Head of Office and Partner, Peter Bowden, says the strong performance is down to healthy demand for its consultancy teams, particularly building consultancy, property management and business rates services, as well as a strong performance from its capital markets team.

The building consultancy arm has expanded after completing work on a number of major commercial projects in 2017. These included refitting a 55,000 sq ft office headquarters, project managing several new build retail developments in County Durham and completing technical due diligence surveys on numerous large portfolios for property investors.

Ian Tew, who heads up building consultancy at Knight Frank, said: "We have seen an increase in demand for our expertise in increasing the asset values of buildings through refurbishment, new build project management and building surveys and dilapidations advice."

To help meet the demand, the team has taken on an additional building surveyor, Wilf Prowse.

Property management The firm's property management department is busy after winning a national mandate to manage multi-let office buildings purchased for Mayfair Capital's TG Thematic Growth Fund. This includes St Nicholas Building in Newcastle and a Birmingham property.

Peter Bowden, who recently accepted the Property Agent of the Year gong at Insider's North East Property Awards, said: "We have one hell of a team here and I want to thank each and every one of them for how they've all pulled together to achieve what we have. I honestly believe we have the very best expertise on offer in the region and we work hard to offer a personal service to all our clients."

Business Rates Joanne Corney, who specialises in reducing business rates liability on both occupied and vacant premises, has seen her workload sky rocket in 2017 after winning several competitive pitches including the management of rates for a national portfolio of retail and office properties and some public sector contracts. …

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