AGENTS Knight Frank is expanding its valuation and advisory services in its living services team, with the appointment of John-Paul Stichbury.
After seven years in valuation and consultancy at Knight Frank UK, Stichbury has been appointed as partner of valuation & advisory.
“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,” said Stichbury.
“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.”
In his time at the Baker Street head office, Stichbury had a focus on high growth living sectors of build- to-rent and co-living. With the valuation team in the UK value in excess of £14 billion of BTR assets annually.
“As we predicted in our Australian Horizon 2024 report released late last year, investors continue to seek greater exposure to alternative sectors this year as they look to the relative stability of the sector in response to the more uncertain global economic outlook,” said Tim Holtsbaum, head of alternatives at Knight Frank Australia.
Residential living sectors, including build-to-rent, student accommodation and co-living, are currently generating significant interest from off-shore investors.
“We are excited to welcome John-Paul to our team as the growth in Living Sectors in Australia ramps up this year,” added Holtsbaum.
“With more than 10 years of experience in the UK real estate industry, where the Living Sectors are more established, we know John-Paul will provide invaluable insight and advice for our clients and team in this space.”
While last month, Knight Frank reportedly dissolved its residential project sales team amid the slowdown in housing construction.
