31st March 2023
Encore completes acquisition of the residential management division of Knight Frank
Queen’s Park Equity (“QPE”) is delighted to announce that Encore has acquired Knight Frank’s Residential Asset Management (RAM) division. This follows Knight Frank’s strategic decision to focus on its core agency business and no longer provide residential block management services.
Knight Frank’s RAM business provides block management services to prime Central London developers and Resident Management Companies, looking after a portfolio of high-end developments.
All Knight Frank RAM head office and onsite staff will remain with the business as it transfers, ensuring a smooth transition for clients and staff. The team will join Encore’s London office and will operate under the Encore brand. Knight Frank’s RAM will continue to be led by its existing management team under Michael Toogood.
Joaquim Fillola, Encore CEO said “Knight Frank has tremendous brand pedigree, a great team and long-standing client partnerships. We are proud they have chosen Encore to be the custodians for their residential management people and clients.
With its niche of high-end developments, this portfolio will complement and extend our presence in central London. We are delighted to be working with like-minded professionals who are focussed on delivering results for our clients.”
Michael Toogood, ex- Partner of Knight Frank and now part of the Encore, said “This has been a carefully considered decision by Knight Frank and I am delighted at the enthusiastic feedback from clients and staff alike as to the next chapter in our growth. Under Encore’s stewardship I know the whole team shares the excitement as to the compelling service proposition that we continue to offer clients in the Prime Central London marketplace.”
Alison Price, QPE added: “We are thrilled to welcome the Knight Frank RAM team and portfolio into the Encore Group. This acquisition is highly complementary to Encore’s growth strategy and broadens Encore’s network of leading London developers. We look forward to working with the RAM team, enhancing their career opportunities within Encore and continuing to deliver best-in-class service to customers.”
QPE, which supported the MBO of Encore in March 2021, is currently investing its £202m Fund I. QPE is focused on providing capital and expertise to high-quality, entrepreneur-led businesses within the Education, Health & Pharma and Tech and Business Services sectors, with an ambition to accelerate their growth.
Further information can be found at: www.encoreestates.co.uk