Knight Frank Residential has formed a strategic alliance with New York-based housing specialist Douglas Elliman.
The new residential real estate alliance will have a combined 400 offices across 52 countries, and nearly 20,000 agents.
The pair will jointly market more than $38bn (£23.6bn) of prime and super-prime properties priced at $1.5m or more.
Douglas Elliman and Knight Frank Residential are the fourth-largest residential brokerage in the United States and the largest independent residential brokerage in the United Kingdom, respectively.
Lord Andrew Hay, global head of Knight Frank Residential said: “The property market has become increasingly global as the mobility of buyers increases. Accordingly there is now a wider selection of both investor origins and investment destinations.”
He added: “For agents this trend dictates that it is essential to be best in class in both New York and London in order to provide high net worth clients with the most comprehensive service and access to the best properties globally.”
The businesses have had a relationship since the 1970s, through international referrals.
Dottie Herman, president and chief executive of Douglas Elliman said: “The strengthening of our relationship with Knight Frank Residential further solidifies Douglas Elliman’s position at the top of the real estate industry through our unique marketing platform, shared market insights, and unmatched ability to connect buyers and sellers on a global scale.”
joanna.bourke@estatesgazett.com
