The company that held the franchise for real estate agency Knight Frank in New Zealand from 2012-18, KFNZ Ltd, had an estimated $1.46 million deficit when it was wound up in March.
Bayleys Realty Group Ltd has confirmed its acquisition of the Knight Frank property consultancy operations in New Zealand, as part of a strategic partnership with the international agency.
Knight Frank agents have completed 2 sales in Christchurch and 6 leases in Auckland, the Bay of Plenty & Christchurch.
Knight Frank agents have sold a Grey Lynn warehouse with apartment on top (with Ray White Ponsonby) and a Christchurch warehouse, and secured 2 Christchurch leases.
Knight Frank agents have signed a Queen St office lease, another for an East Tamaki warehouse and one for an office in Christchurch.
Knight Frank agents have completed 3 commercial leases – 2 in Penrose and one in Christchurch.