UGANDA, Kampala | Real Muloodi News | This month, Knight Frank celebrates 21 years of thriving real estate business in Uganda.
In a statement to the media, Peter Tahinduka, Knight Frank’s Digital & Communications Director said, “Since its inception in 2000, Knight Frank Uganda has always been committed to building long-term relationships with our partners based on a foundation of trust and integrity. This 21st anniversary milestone comes as a testament to a tradition of successfully engaging people and property perfectly.”
Knight Frank Uganda is recognised as a thought leader in real estate, and by it’s own admission has made a substantial contribution to the undeniable progress in the evolution of Uganda’s property market.
Global Growth
Founded in 1896 and headquartered in London, UK, Knight Frank has expanded its reach across the globe to become one of the world’s largest privately-owned independent real estate consultancies.
Knight Frank’s global network includes over 16,000 people, operating in 384 offices across 51 territories. Their presence spans nine countries on the African continent, with offices in Kenya, Uganda, Tanzania, Zambia, Zimbabwe, Malawi, Botswana, South Africa, and Nigeria.
As part of its global expansion strategy, Knight Frank expanded into Uganda in 2000, and ever since, Knight Frank Uganda has established itself as one of Uganda’s leading real estate consultancy firm in both commercial and residential portfolios.
Delivering Real Value
After 21 years in Uganda’s real estate market, Knight Frank Uganda now boasts of over 1,400,000 sq. ft. of both commercial and residential portfolio that is under its management, a testament to Knight Frank’s proven track record of excellence across the line-up of services it provides.
Knight Frank prides itself in managing Uganda’s largest retail portfolio consisting of over five major shopping centers including Arena Mall, Acacia Mall, The Village Mall, Imperial Mall, Victoria Mall, and Metroplex Shopping Center.
The firm’s growth in capacity over the past 21 years has allowed it to build up a multi-disciplinary team with the expertise to evaluate and advise on market movements. Its better understanding of current and future market trends, managing risk, and identifying new opportunities has ensured its commercial success.
“Our management, our Occupier Services and Commercial Agency team continues to provide expert advice to tenants and landlords across the Ugandan market. We continue to deliver real value through carefully formulated property strategies and robust negotiation, in prime business centers for landlords, multinational businesses, and local occupiers. And through our Residential Agency, we work with clients around the world buying and selling the finest residential properties, ranging from country houses and lakeside hideaways to the most prestigious residential properties in Uganda,” says Tahinduka.
Portfolio Over USD 774m
Knight Frank valued over USD 774 million worth of property in 2019 alone, and its valuation and advisory experts continue to provide a comprehensive range of single and portfolio valuations, market appraisal, and consultancy services across both commercial and residential sectors.
With its rich global network, expert teams, and leading market knowledge and insights, Knight Frank continues to provide extensive valuation services to financial institutions, private individuals, funds, property companies, and the public sector at large.
The presence of Knight Frank in Uganda’s property market has played a vital role in bridging the gap between the retail Landlords in Uganda by leveraging on its international standards of operation. This follows a growth trajectory by the formal retail sector in the country that has been on the rise for the past two decades as a result of increased Foreign Direct investment which has attracted more international retail brands in the market.
Trusted Source of Data
Knight Frank offers global coverage and a comprehensive range of research products and strategic services. It also provides a highly regarded service through its Intelligence Lab, assisting with all property-related information including business, the economy, and demographics. Furthermore, through its bi-annual reports, it undertakes market analysis and research with core competencies such as Property market data and analysis, development and occupational analysis, forecasting, Tenant profiling, Economic analysis, Investment market analysis, and Demographics & catchment analysis.
“We would like to express our heartfelt gratitude to you for choosing to walk this journey with us. And as we continue to devise better avenues of making this partnership an even more fruitful one, our hope is that our collaboration becomes the conduit through which we can all achieve a common goal; a thriving property market for Uganda,” adds Tahinduka.
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