In a vote of confidence for the Capital’s property market, a US-based real estate franchise network run by billionaire Warren Buffett has announced a partnership with London estate agent Kay & Co.
From November 2018, Kay & Co, which signed a franchise agreement to join Buffett’s investment vehicle Berkshire Hathaway Home Services, is to operate as Berkshire Hathaway Home Services Kay & Co. Under its new structure, the agent will expand in the prime London market through acquisitions and joint ventures. There also plans to expand its office base with up to ten standalone offices over the next decade.
Gino Blefari, President and Chief Executive of Berkshire Hathaway Home Services, comments: “London has been among our highest priorities as a key centre for international business and an attractive market for global capital looking to invest in property.
“We are thrilled to enter the market with Kay & Co, a brokerage known for exceptional leadership, knowledgeable, tenured agents and relentless client service. As important, the company’s core values and growth aspirations match those of our own, steeped in trust, integrity, stability and longevity.”
At Beavis Morgan, we have extensive experience in advising individuals and businesses on all aspects of the property market. We act for a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
We also offer specialist services to identify business opportunities for overseas investors looking to enter the UK property and business market – and we provide a comprehensive range of professional services to help you make the most of your investment in the UK.
For further information contact Steve Govey or your usual Beavis Morgan Partner.