02.10.2012 - Knight Frank sees foreign surge into UK property
London is attracting increasing volumes of overseas funds into residential and commercial property, leading to a rise in annual revenues for upmarket property agent Knight Frank, despite the domestic economy shrinking. The company, one of the biggest partnerships in the UK, said revenues grew 8pc to £334m in the year to March 31. This means Knight Frank’s 61 partners will share a profit of £65.2m, down from £72.7m last year because the property agent spent capital on opening new offices in South Africa, Dubai, Australia and India...............................................Full Article: Source
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