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Abu Dhabi National Properties (ADNP), the real estate arm and subsidiary of the National Bank of Abu Dhabi (NBAD) and Knight Frank, the leading independent global property consultancy, signed a partnership agreement to provide clients with both residential and commercial property services in the UAE and globally.
The partnership between Knight Frank and ADNP provides NBAD’s client base with direct access to property both inside and outside the UAE, links the capital markets around the world, and gives Knight Frank’s global residential and commercial clients greater reach into Middle East capital flows.
The partnership enhances Knight Frank’s global office network which totals 242 offices in 43 countries, across six continents, handling in excess of US$817 billion (£498 billion) worth of commercial, agricultural and residential real estate annually.
ADNP is one of the primary real estate property management companies in the UAE. In addition to providing first-class property management services, ADNP undertakes extensive in-house and external real estate valuation and advisory services.
Michael Tomalin, the group chief executive of the National Bank of Abu Dhabi, said “The NBAD’s vision is to be recognised as the World’s Best Arab Bank. To achieve this vision we expand our quality services to international markets organically and by partnering with firms that offer the quality of services that promote the NBAD brand.”
Nick Thomlinson, senior partner, Knight Frank said: “The UAE is an important part of our global jigsaw. It is absolutely vital to be there to unlock the region’s wealth to the benefit of both NBAD’s client base and our international property sellers and purchasers.
The combination of NBAD and Knight Frank’s brands will be a powerful force in the global property markets.”
ADNP plays an important role in diversifying NBAD’s investment and revenue streams. This wholly-owned subsidiary of NBAD is one of the Bank’s premier vehicles to create value for our shareholders. At the same time, ADNP delivers unmatched quality service in the market. Furthermore, ADNP plays a vital role in the development and progress of Abu Dhabi and the wider nation.
Graham Hallett, general manager, Abu Dhabi National Properties (ADNP), said: “Knight Frank and ADNP-NBAD are two prestigious brands that have built a reputation with their quality of services provided. This partnership will further enhance the brands.”
“The combination of ADNP’s extensive local market expertise and Knight Frank’s execution and operating track record will undoubtedly result in superior asset performance. Institutional owners are looking for ways to mitigate risk while adding value to their assets, and we intend to provide a menu of effective solutions,” he added.
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