Knight Frank and Cresa announce global partnership
PRESS RELEASE - LONDON, UK - 6th October 2021
Global property consultancy Knight Frank, and Cresa, the world’s largest occupier-centric commercial real estate firm, have today announced their new partnership to deliver occupier real estate services globally.
Together, Knight Frank and Cresa have over 16,000 people, across 384 offices in 51 territories.
The partnership between Knight Frank and Cresa is founded on complementary capabilities, shared values and the commitment of their independent partner owned companies. Together they offer an integrated platform of services directed at corporate end users, providing a truly global solution for occupier clients.
Knight Frank and Cresa have partnered their Global Portfolio Solutions businesses, placing significant investment in bespoke technology and research capabilities to provide innovative occupier solutions.
Both parties see a client need for truly focused occupier services worldwide and are coming together in a committed partnership for the long term. The partnership will be guided by an Alliance Management Board which includes executives from the top of both organisations. In addition, William Beardmore-Gray, Knight Frank’s Global Head of Occupier Services will sit on the Cresa Board, while Tod Lickerman, Cresa’s CEO, will attend Knight Frank’s Group Executive Board on a regular basis.
Alistair Elliott, Senior Partner & Group Chairman at Knight Frank, said: “I am delighted to announce that Knight Frank and Cresa have come together. This is a partnership based on shared culture, values and approach to doing business. Together we have formed an alliance that will focus on the needs of the clients we service, providing strategic advice and delivering a range of first-class occupier solutions.
“The alignment of our partner owned businesses is key. We will play an active role in assisting Cresa expand their operations and serve our shared clients.
“I have no doubt this is the beginning of a long and fruitful relationship, one which will immediately add to both firms’ suite of services and the depth of expertise we can offer our diverse range of clients.”
Tod Lickerman, CEO of Cresa, said: “Knight Frank is a natural partnership choice for Cresa due to our aligned values and independent structures. Together we will provide high-level service and resources to our clients around the world. We feel confident that this partnership will strengthen our ability to meet the rapidly changing needs of global occupiers.”
Knight Frank’s dedicated USA desk, headed up by Knight Frank Partners, Joey Vlasto and Mark Sullivan, who have both been in the US for 10 years and will continue to play a key role in coordinating cross-border business and ensuring optimal service delivery. The team has been strengthened with the addition of Vik Lulla, previously based in Knight Frank’s Mumbai office, who has relocated to San Francisco. Lulla’s market expertise will be highly valuable to the growing number of North American companies who are investing in Electronics, IT, Agritech and Pharmaceuticals in India. On the residential side, Knight Frank’s seven-year relationship as branded associates with Douglas Elliman remains unchanged.