Newmark’s global partner Knight Frank has entered into a partnership with the real estate arm and subsidiary of the National Bank of Abu Dhabi (NBAD) to provide clients with both residential and commercial property services in the UAE and globally.
The partnership between the leading independent global property consultancy Knight Frank and NBAD provide NBAD’s client base with direct access to property both inside and outside the UAE and links the capital markets around the world. It gives Knight Frank’s global residential and commercial clients greater reach into Middle East capital flows, and presents significant opportunities for Newmark global corporate clients.
Through its partnership with Knight Frank, Newmark’s international presence spans 242 offices in 43 countries across five continents.
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 clients. The combination of brands will be a powerful force in the global property markets.”
James D. Kuhn, president of Newmark, remarked, “The Middle East is a tremendously valuable region for both capital markets and corporate services business. With the strength of the petrodollar, there will be a continued proliferation of business going in and out of the region.”
Graham Hallett, general manager, Abu Dhabi National Properties (NBAD/ ADNP), said, “The Knight Frank and ADNP-NBAD 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.”
About ADNP/ NBAD
Abu Dhabi National Property Company PJSC (ADNP), the real estate arm and subsidiary of NBAD, is one of the primary real estate property management companies in the UAE, with a current portfolio of over 10,000 units under management.
In addition to providing first-class property management services, ADNP undertakes extensive in-house and external real estate valuation and advisory services.
ADNP provides world-class property management to meet the high demand for professional property management in the UAE and other GCC countries.
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 the quality service that is unmatched in the market. Furthermore, ADNP plays a vital role in the development and progress of Abu Dhabi and the wider nation.
The National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968 and is listed on the Abu Dhabi Securities Exchange (ADX), under stock code (NBAD).
Ranked as one of the top 50 safest banks in the world, NBAD currently operates across 13 countries on four continents. NBAD has a network of more than 117 branches and 500 ATMs to provide banking services to customers all over the UAE.
NBAD’s overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt, Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong and Jordan in Asia to Washington, D.C. in the U.S.A. Overall, NBAD has nearly 50 branches and 60 ATMs outside the UAE.
NBAD provides its customers with a wide variety of financial services targeting all segments of the consumer and corporate markets.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor’s, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving it one of the strongest combined rating of any Middle Eastern financial institution
About Newmark
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.