Knight Frank has formed a strategic alliance with Irish agency, Hamilton Osbourne King, in order to capitalise on the growing market for Irish investment in the UK and Europe. HOK was formerly the partner of CB Hillier Parker prior to its merger with Insignia Richard Ellis. However, the merger led to the combined CB Richard Ellis dropping HOK for its smaller rival, Gunne.
In the past six years alone, Irish investors have spent Ã¢âÂ¬2bn through HOK. Peter MacColl, Head of Investment at Knight Frank, said that the alliance would help his firm Ã¢â¬Åaccess the wealth in Ireland that is looking for a home.Ã¢â¬Â
Liam Lenehan, Head of Investment at HOK, commented: Ã¢â¬Å80% of the money we invest goes into the UK, with the rest going to Europe. But Europe is looking more appealing with the Euro eradicating the currency risk, and the increasing availability of long leases.Ã¢â¬Â
Knight Frank Senior Partner, John Martin, said that the two companies would work towards taking more Irish money into European markets. They will primarily work together on investment work, but HOK will also work with Knight FrankÃ¢â¬â¢s corporate real estate team to meet occupiers requirements in Ireland.
HOKÃ¢â¬â¢s Kieran Cotter, who worked with CB Hillier Parker, has moved to Knight FrankÃ¢â¬â¢s London office to represent the firm.