Knight Frank expands into Commercial Property Market in South Africa with Rennie Property partnership
Global real estate adviser Knight Frank has partnered with Rennie Property, one of South Africa’s most prominent and trusted commercial property specialists.
Trading as Rennie | Knight Frank, this partnership will solidify Knight Frank’s position as one of the biggest real estate advisers on the African continent, as well as provide a gateway for existing Rennie Property clients to the greater international market.
Knight Frank has been operating in Africa since 1964 and provides integrated consulting and transactional services in 9 countries across the continent including Kenya, Tanzania, Uganda, Nigeria, Zambia, South Africa, Malawi, Botswana, Zimbabwe. The firm has undertaken assignments in 50 of the 54 African countries and employs more than 500 people in its network of over 20 local offices.
Knight Frank is currently represented in South Africa through Knight Frank Residential and Knight Frank Valuations / Advisory, both long-standing and well-established businesses.
Susan Turner, Managing Director of Knight Frank Residential / Valuations said: “Rennie | Knight Frank will further cement our position in South Africa and create a formidable partnership as a multi-faceted property service offering which will benefit our collective clients.”
Steve Rennie, co-founder of Rennie Property together with Nikki Paige said: “We’ve been working with Knight Frank informally as their South African commercial representative over the last twelve months. Despite travel restrictions imposed by Covid-19, the international connectivity already fostered with the firm, has proven to be a game changer. We have not only won sizeable appointments in South Africa arising from Knight Frank’s multi-national operating platform, but we have also been able to introduce our local South African clients to international investors looking for opportunities in the country.
“Johannesburg has always been a key market for us and for Knight Frank, and given it is the economic hub of South Africa, we look forward to rolling out our strategic expansion plans there while continuing to grow our national operating footprint.”
Nikki Paige added, “Our clients trust us to maximise their property investments and add value through our proactive approach to management. Under the current constraints of the global pandemic and with the shifts within the commercial property sector, we will continue to apply our property solutions and individual focus to our clients’ interests; an approach which aligns well with Knight Frank.”
Rennie | Knight Frank will offer a full suite of commercial property services including Property Asset Management (PAM), Occupier Services, Commercial Agency and Capital Markets.
Alistair Elliott, Senior Partner & Group Chairman at Knight Frank said: “As Knight Frank celebrates its 125th anniversary, I am particularly excited to announce Rennie | Knight Frank. It is partnerships such as this that are a fantastic reflection of our commitment to growing our global platform and offering our clients unparalleled service and expertise. With Knight Frank Valuations/ Advisory and Residential teams already in place in South Africa, we look forward to building on our operating footprint across the country.”
James Lewis, Managing Director Knight Frank MEA added: “I’m delighted to be working with both Nikki, Steve and the wider team to further enhance the service levels in South Africa and the wider continent.”