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The Australian team has expanded its valuation and advisory services with an appointment from its UK branch.
John-Paul Stichbury has been appointed as partner, valuation and advisory, at Knight Frank based out of the agency’s Sydney office, with a focus on the living sectors.
It comes after he has served the same role for seven years at Knight Frank UK, in the Baker Street head office.
In the discussion about the appointment of Stichbury, Knight Frank Australia head of alternatives Tim Holtsbaum related the need to address the concerns of investors seeking greater exposure within alternative sectors, particularly in light of the more uncertain global economic outlook.
Holtsbaum noted that Stichbury’s appointment was a decisive solution to this issue, with the Sydney office benefitting from his adept insight that he accrued through working with the Knight Frank valuation team in the UK, valued in excess of £14 billion of built-to-rent (BTR) assets annually.
Stichbury’s keen perception of the sectors of residential living, build-to-rent, student accommodation and co-living also pose him as highly knowledgeable of these high-growth living sectors, and keenly aligned to offer a better spectrum of services and meet the general interests of offshore investors, Knight Frank stated.
The move is part of the firm’s initiative to increase the net strength of its living sectors team through more broadly connecting Knight Frank regionally and globally across the functions of investment agencies, valuations, debt and equity.
It is also part of a broader strategy of Knight Frank to grow its global living sectors’ presence.
Stichbury stated he was excited to make the move to Knight Frank Australia, particularly in light of the company’s latest findings that the emerging housing market of Australia was forecast to see around 55,000 dedicated units completed by 2030, based on the pipeline of developments and expected growth trajectory.
“Against a backdrop of favourable long-term demographic trends and a structural undersupply of housing across the country, the expansion of the living sectors in Australia is expected to mirror the UK growth trajectory,” Stichbury said.
“It is definitely a very exciting time to be joining the team, and I look forward to contributing to the growth in services we provide our valued clients.”
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