Another record year for Knight Frank

Romesh NavaratnarajahSeptember 29, 2014

Property firm Knight Frank has delivered strong financial results for the year ended 31 March 2014.

In a statement, the group said profit increased 33 percent to £136.6 million from last year.

A record £392.7 million in turnover was also reported, up 12 percent compared to the same period in 2013.

The company has a strong balance sheet with net cash balances at £141.7 million, up from £105.1 million in 2012.

Globally, several key deals were secured in Asia Pacific, UK, Europe and Africa. Notably, its Australian asset management team has won six significant appointments since January 2014.

Commenting, Alistair Elliott, Group Chairman and Senior Partner at Knight Frank (pictured) said: “I am pleased to report such a strong set of results this year. We have achieved a 33% increase in profit, notwithstanding substantial investment in the business including recruitment of the best people to facilitate our global growth. Through a mixture of organic growth and trophy deals we have gone from strength to strength, enhancing our international footprint and client base.

“Our priorities for the coming year are to build on what we have achieved, continue to recruit more exceptional people, expand in the Nordic region, grow our German platform, develop our foundation in China and continue to expand the partnership’s residential network in London,” he added.

 

Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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