This article is from the Australian Property Journal archive
AFTER a 20-year long partnership, Knight Frank and the New South Wales valuations team headed by David Castles have agreed to go their separate ways.
Knight Frank Australia CEO Stephen Ellis said both parties came to a mutual agreement this week not to renew their license agreement.
“As a firm, we continue to challenge ourselves to ensure that long-term, enduring partnerships are at the core of everything we do.
“I would like to acknowledge and thank David Castles and his team for their tremendous support over the last 20 years. Valuations is and will continue to be a key global business line, and we are committed to continuing to build this business line in Australia.” Ellis said.
Knight Frank chief operating officer Aaron McGhee told Australian Property Journal that operations in all offices continue unaffected and it has retained personal and expertise in Sydney to service all clients.
“Knight Frank’s Partnership and Licence structure places Knight Frank in a unique position nationally to attract the best talent in the market and we are excited to explore the range of possibilities this unique structure offers to further enhance the Sydney operation.
“Whilst a number of the Licenced team in NSW have departed, we have retained personnel and expertise in Sydney to service all clients’ mandates.
“Knight Frank continues to offer the industry’s broadest commercial and residential valuation coverage in the market, with 12 long-established offices across the country heavily populated by some of the most experienced valuers in each respective market, mirroring Knight Frank’s core value of local knowledge / global outlook. Operations in all offices continue unaffected as would be expected.” McGhee said.
Australian Property Journal contacted Castles for comment, but he was unavailable.
Australian Property Journal
