Knight Frank Malaysia acquires Property Hub Sdn Bhd

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PETALING JAYA (April 27): Knight Frank Malaysia has acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd. The new company will be integrated into Knight Frank Malaysia’s residential operations, acting as the key element of the company’s residential branch network.

Property Hub comprises over 120 professionals spread between its head office in Kuala Lumpur and its branch office in Kota Kinabalu, Sabah. They are notably known as winners of several MIEA awards (including Residential Real Estate Company of the Year and State Real Estate Company of the Year) for 10 consecutive years from 2012 to 2021. The JV coincides with the 20th anniversary of Knight Frank in Malaysia, and highlights its global expansion strategy.

Knight Frank Malaysia Group Managing Director Sarkunan Subramaniam said in a statement, “I am delighted to welcome Benjamin Tee and his team to Knight Frank Malaysia. Today’s announcement (Wednesday 27 April) reinforces our position as Malaysia’s leading property consultant and highlights the power of our brand and culture to attract top talent.

“We are also pleased to announce that we have worked collaboratively to complete the Block N transaction at Jaya One between Worldwide Emergency Assistance Sdn Bhd and Luxchem Corp Bhd. Together with the combination of our more than 600 professionals in Malaysia, this will enhance Knight Frank Malaysia’s ability to provide comprehensive solutions to customers in all markets across the country. »

Knight Frank Property Hub Managing Director Benjamin Tee said, “We are delighted to be part of the global Knight Frank family to tackle today’s ever-changing real estate landscape. This joint venture is part of our vision to provide our clients with a full range of services, including valuation, capital markets, corporate services and property management, while leveraging our expertise in sales and rentals. residential as well as project marketing.

A new management structure, complemented by future new recruits, will align the JV with Knight Frank’s global practices and strengthen the team. Knight Frank Property Hub in Malaysia will operate as a central marketing arm for residential, project and international projects, leveraging Property Hub’s extensive strengths and enviable track record in the residential sub-sale and mid-to-market markets. high-end, its substantial cache of high-net-worth clients as well as its invaluable experience serving multinational corporations and expatriate clients from over 50 countries.

Kevin Coppel, Managing Director of Knight Frank Asia Pacific, said: “As we celebrate 20 years of progress in Malaysia, I am delighted to welcome the Property Hub team as they join Knight Frank’s global network. A critical part of growing our business globally is finding the right cultural fit with partners who align with our values. Together with the Property Hub team, we are confident that we have found them.

Knight Frank, Asia Pacific Head of Residential Victoria Garett, said: “The residential real estate market is expected to gradually recover this year, and this joint venture could not be better timed as it reinforces our leadership position in Malaysia. I look forward to collaborating with the Knight Frank Property Hub team and helping them reach new heights.”

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