International real estate consultancy Knight Frank today announced a new partnership with Taiwan’s REPro International to extend the UK-based company’s brand and services into the Taiwan market.
Under the partnership with the local Taiwanese property brokerage and consulting firm, the two companies will offer valuation, corporate services, leasing, investment sales and advisory to clients across the island. REPro International’s existing client base include companies from the top 500 on the Forbes Global 2000 list, including Emerson, Japan Tobacco International, Bank of China and major local real estate players such as Cathay Life, Fubon Life and Shinkong Life.
“Establishing our footprint in Taiwan aligns with our strategy as a Knight Frank Group in delivering US$1 billion in turnover by 2017,” said Kevin Coppel, Regional Head of Knight Frank Asia Pacific. “The weight of capital seeking exposure to real estate continues to increase, with investors being drawn to the asset class by virtue of its consistent income generation, the improving availability of debt and a steady recovery in global occupier markets.”
Commenting on the move to join forces with the global group, Michael Tseng, Executive Chairman at REPro Knight Frank, comments, “Partnering with Knight Frank grants us access to international marketing opportunities. The partnership also underscores our desire to grow beyond the local territory and better serve our clients here in Taiwan on cross-border developments.”
In 2013 REPro assisted Mercuries Life – one Taiwan’s largest real estate firms – in disposing of five stories of the office building Taiping First Building in Xinyi District located in the central business district of Taipei City. The deal was one of the top three commercial property transactions in Taipei in terms of transaction value during last year.