Central London Estate Agency Kay & Co to join US-based Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices has expanded its franchise network into the London market by signing an agreement with luxury estate agency Kay & Co. Starting November 2018, the agency will operate as Berkshire Hathaway HomeServices Kay & Co.
The signing marks the second global franchisee of Berkshire Hathaway HomeServices following Rubina Real Estate of Berlin in May. Kay & Co plans expansion in the prime central London market through acquisitions and joint ventures with best-in-class agencies, and the addition of up to 10 standalone offices over the next decade.
“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,” says Gino Blefari, president and CEO of the network. “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.”
Kay & Co, founded in 1982 by Chairman Samuel Bikhit, remains independently owned and operated. It serves London’s upscale Mayfair, Hyde Park, Marylebone, Regent’s Park, King’s Cross, Bayswater, Paddington and West End districts.
“We are proud to bring the Berkshire Hathaway HomeServices brand to London,” says Samuel Bikhit. “We believe Londoners and our many American clients in the city will embrace the brand and understand its marketing appeal.”
Martin Bikhit, Kay & Co’s managing director, adds: “We are delighted to enter into this agreement with Berkshire Hathaway HomeServices. London is a global hub that attracts people from around the world and as specialists in the central London property market we are confident that London will remain a desirable choice for many.”