John-Paul Stichbury has been appointed partner, valuation and advisory at Knight Frank Australia, as the company aims to expand the emerging Australian Living Sectors.
The Announcement:
Knight Frank Australia has expanded its valuation and advisory services in the emerging Living Sectors with a new appointment.
John-Paul Stichbury has been appointed as partner, valuation and advisory at Knight Frank, based in the agency’s Sydney office.
He moves to Knight Frank in Australia after spending seven years in valuation and consultancy at Knight Frank UK in the Baker St head office, with a specific focus on the high-growth living sectors of build-to-rent and co-living.
The valuation team in the UK value in excess of £14 billion (AUD$27 billion) of BTR assets annually.
Knight Frank Australia Head of Alternatives Tim Holtsbaum said Mr Stichbury had been appointed to expand Knight Frank’s valuation and advisory services in the emerging Australian Living Sectors to provide a better spectrum of services to clients.
“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,” Mr Holtsbaum said.
Residential living sectors, led by build-to-rent (BTR), but also encompassing student accommodation and co-living, are attracting the greatest interest amongst 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,” he said.
“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.”
Worldwide, Knight Frank is dedicated to strengthening its Living Sectors team, including in Australia, as well as the US, Japan, Germany, Spain and France.
It has had a Living Sectors team in the UK since 2005 and has been growing its global offering since 2017.
Knight Frank’s recently released The Wealth Report 2024 found that living sectors were the most targeted sector in 2023 by private capital and the most in demand for 2024.
Meanwhile, Knight Frank’s latest BTR report found Australia was forecast to see around 55,000 dedicated units completed by 2030, based on the current burgeoning pipeline of developments and the demonstrated growth trajectory in the UK.
Mr Stichbury said he was excited to move to Knight Frank Australia as the country’s Living Sectors property market enters a period of growth.
“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,” Mr Stichbury said.
“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.”
Mr Stichbury’s appointment also strengthens Knight Frank’s valuations team, which now consists of 130 people around Australia.
Source: Knight Frank
