Global property consultancy Knight Frank has partnered with REPro International, one of Taipei’s leading real estate brokerage and consulting firms, to form a long-term strategic partnership in Taiwan.
The REPro Knight Frank partnership will become an integral part of the Knight Frank Global Group, enabling the combined entities to benefit from the integrated infrastructure to serve corporate and private clients around the world.
The partnership builds upon a strong alignment in ethos, ethics and service offering. Under the Knight Frank global brand, the partnership will increase Knight Frank’s network in Asia with a strong, well-respected and highly professional operation in Taiwan. REPro’s core commercial service lines include valuation, corporate services, leasing, investment sales and advisory with clients from the top 500 companies on the Forbes Global 2000 list. These include Emerson, Japan Tobacco International, Bank of China and major local real estate players such as Cathay Life, Fubon Life and Shinkong Life, to name a few.
“Establishing our footprint in Taiwan aligns with our strategy as a Knight Frank Group in delivering US$1 billion in turnover by 2017,” said Kevin Coppel, Regional Head of Knight Frank Asia Pacific.
“The weight of capital seeking exposure to real estate continues to increase, with investors being drawn to the asset class by virtue of its consistent income generation, the improving availability of debt and a steady recovery in global occupier markets.”
Colin Fitzgerald, Managing Director of Knight Frank Greater China, said: “Taiwan is one of the world’s 20 largest economies. The partnership gives us access to REPro’s extensive network of clients in the commercial space, underpinning our strategy to grow our service offering in Taiwan. With the easing of the Taiwan government regulation where insurance companies are allowed to invest in overseas real estate, we expect to assist outbound capital flows from both Taiwan’s insurance companies and HNWIs into real estate markets in Greater China and around the world.”
Michael Tseng, Executive Chairman at REPro Knight Frank, added: “Partnering with Knight Frank grants us access to international marketing opportunities. The partnership also underscores our desire to grow beyond the local territory and better serve our clients here in Taiwan on cross-border developments. With an elevated representation worldwide, it strengthens our position in Taiwan which would help us in recruiting the best talent in this market.”
Andrew Batt, International Group Editor of PropertyGuru Group,
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