Knight Frank explains pull out from France partnership

Knight Frank, a global property group, has explained why it pulled out of its partnership with Estate Prestige, a luxury real estate agent, in the South of France.

The group, in a recent statement reported by PropertyWire, an online property platform, said the action was a reflection of its “evolving strategic priorities,” adding, however, that it still has a presence in France, with a strong focus on Paris and the French Riviera.

“We have an ambitious growth plan for our European business and are expanding across a number of key markets where our clients need us most,” Vincent Bollaert, Knight Frank’s chief executive in France, said, adding, “we look forward to announcing these new relationships in due course.”

At the end of September, the group also announced the end of its partnership with Paris-based Junot Fine Properties. Meanwhile, its 15-year alliance with US-based real estate brokerage, Douglas Elliman, was concluded in June.

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Knight Frank has a strong presence in Nigeria that has lasted for 60 years. “With immense pride and deep gratitude to Almighty God, we stand here today to mark 60 years. Our business has always been fundamentally about trust and integrity, and to survive in business for decades like this, the sky truly is your limit,”

Together, we have shaped skylines, built communities, and redefined excellence in real estate. The next chapter begins now.” Frank Okosun, Senior Partner, Knight Frank Nigeria, said.

Continuing, Okosun disclosed, “our business is all about trust, strong integrity and professionalism without which we will not be in business, and what we want to do now is to train the younger ones so that they can be leaders in this industry.”