(PRWEB) September 22, 2005
Knight Frank, the largest privately-owned property consultancy in the world, has strengthened their presence in the Bali market by entering into an exclusive agreement with local firm Elite Havens. Under the terms of the agreement, Knight Frank and Elite Havens will work together to handle project marketing of luxury real estate in Bali, an area of the Bali property market in which both firms see great potential for growth
Knight FrankÂs Indonesia operation is based in Jakarta, where they have watched the accelerating development of the Bali market with interest. Elite Havens is a local market leader which has grown consistently during the past few years to dominate the highly competitive Bali real estate and property management sector.
Willson Kalip, President Director of Knight Frank Indonesia, said the deal reflected the perfect merger of two strong talent pools.
ÂKnight Frank Indonesia values Elite Havens as a mutually beneficial partner, with both parties working together to create powerful synergy in marketing luxury housing in Bali,Â he said.
ÂElite Havens with its local expertise in Balinese luxury properties adds value to Knight FrankÂs worldwide reputation of handling high-end housings for the top of the class. In addition, Bali with its flourishing high-end property market is a perfect place for us to operate.Â
With access to the Knight FrankÂs global network and expertise, Elite Havens can now market luxury Bali properties to a much larger world-wide market.
Ric Shreves, Managing Director of The Elite Havens Group added: ÂThis agreement represents a terrific endorsement of Bali as a growing market and helps focus global attention on what weÂve worked so hard to help create here.Â
The first project to be marketed under the joint banner is the St. Regis Resort Bali, the first Asian resort in the exclusive St. Regis chain (part of the Starwood group). St. Regis currently operates luxury hotel properties in Shanghai and Beijing and is building in Singapore; the Bali project is, however their first resort property in the region. It is eagerly anticipated by BaliÂs booming five-star tourism industry.
The project involves both luxury suites and villas. The marketing and sale of the luxury on-site residential villas will be handled by Knight Frank in association with Elite Havens. ÂThe villas, which will be managed by St. Regis, will push the boundaries of the exclusive property market in Bali,Â said Shreves. ÂThey represent the height of luxuryÂ.
Matthew Georgeson, Head of Sales and Project Marketing at Elite Havens noted, Âthe project will include 2, 3, 4 and 5-bedroom villas. They are right on the beach at Nusa Dua, next to the golf course. ItÂs an ideal location paired with one of the worldÂs finest brand names.Â
Looking forward, Knight Frank and Elite Havens plan to market both the boutique Wabi project in Umalas and the new Angsana Resort and Spa in Uluwatu.