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Knight Frank performs well despite challenging global markets Magazine

Knight Frank weren’t planning to let brexit woes the home their way of performance it seems since their latest accounts show.

Results together with the year ended 31 March 2017 saw group turnover rise by 3.3% to 476.2m (2016: 460.9m) although group profit before tax was down 4.5% to 145.7m (2016: 152.6m) the firm showed a solid balance sheet with net assets at 224.7m (2016: 223.7m)

Alistair Elliott, senior partner and group chairman commented: “I am delighted with the 2016/17 performance.? With Brexit and also the impact newest stamp duty modifications to the uk and political and economic uncertainties around the globe causing hesitancy in this markets, there initially were moments as soon as the outlook was bleak. To own increased our turnover and maintained our profit levels during serious investment in developing our industry is a fantastic contribute to which our teams are generally justly proud.

“In england, our service lines performed well with record years choosing homes, residential lettings, Knight Frank Finance, Industrial and Knight Frank Investment Management and resilient performances from regional offices which grow from strength to strength.? Our growth remains driven by our businesses outside of the UK, notably Asia Pacific plus the MEA regions and we are developing our main continental Europe operations, notably France and Spain.? There were record years in Hong Kong, Malaysia, Thailand, the guts East, Czech Republic and Poland.

“We have refreshed our group approach to place a much better consider our strengths around our global network. The volatile trading landscape during 5yrs is a huge major result on shaping that strategy and evolving our model. Knight Frank’s enduring commitment could be to deliver a continuously improving prefer to our clients, both now also in one’s destiny, choosing medium to long-term growth over short-term profits and ensuring our success is sustainable. We arrange to deliver that through continued increased exposure of buying people and technology ensuring the typical individuals service, supplemented by market-leading research, enables us to produce an unrivalled client experience.

We remain fiercely happy about our independence C simply driven with all the demands of shareholders and quarterly reporting so you’re able to have some long-term view. “

The way forward

“There is not a doubting the multitude of uncertainties presented in the current geopolitical environment. With that said ,, uncertainty drives change combined with dynamic real estate investment opportunities world is presenting great opportunities centred on changing work patterns, differing lifestyle choices along with a fitter, ageing population, increasingly gathering in key cities internationally. Old age, distribution, hotels, healthcare combined with private rental sector are simply a few markets in which the dynamics are greatest and which, combined, will continue to inspire an improved dependence on flexible, mixed-used developments in order to which we’re responding.”

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