Knight Frank expands residential lettings division
14 July 2010
Following strong growth in the London rentals market over the past 12 months to the end of June 2010, with rents rising by nearly 10% and a rising demand from tenants, Knight Frank are announcing a number of changes to reflect the new market dynamics. Following an aggressive expansion programme for Knight Frank residential lettings division over the next 5 years, Tim Hyatt, head of lettings at Knight Frank is delighted to announce the following internal changes.
Zoe Sexton, Partner in charge of Kensington Lettings will become the Regional Partner in charge of the Central London region. She will also be setting up a new department dedicated to Residential Lettings Asset Management including Trusts, London Estates, Offshore Partnerships and International Funds.
Ruth Barr, Partner in charge of Wimbledon Lettings will become the Regional Partner in charge of the South and South West London and the Home Counties region.
Gary Hall, Partner in charge of Wapping Lettings will become the Regional Partner in change of the North and East London region and The City.
There will also be new service areas which will see significant growth in the development of Knight Frank's lettings offices relationships with all of the property Estates throughout central London as well as offering a tailor made asset management consultancy service used by existing and new clients to help maximise profitability of any residential lettings portfolios.
Following the recent success for London & Stamford Property Limited and the letting of their 146 units in Highbury, the old Arsenal football ground, a new residential lettings investment team headed up by Mimi Capas has been launched to cater for residential lettings investors from around the world, in particular Asia, to advise, consult, let and manage any of the acquisitions of new build residential investments.
Tim Hyatt comments:
“This unique consultancy team has been created to help deal with advising residential investment clients as to type, style, location, condition and price of any residential investments with the primary aim of helping to maximise return.
"Since its launch in October last year, this team is already proving to be hugely successful, and along with the ongoing expansion plan of lettings offices across central London, these are exciting times for the growth of our residential lettings business supporting the much needed growth required within the private rented sector.”
NACFB members will have access to improved products from Santander Business Banking the National Association of Commercial Finance Brokers has announced.
Figures published today by the Insolvency Service show the number of personal insolvencies in England and Wales reaching 34,743 in the second quarter of 2010.
Specialist general insurance provider, Assurant Intermediary, urges intermediaries not to ignore the residential rental market as a potential source of business.
Enterprise Finance, the national secured loan and bridging finance master broker has announced the appointment of a new business development manager for the Northern region.
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