The Rolle name lives on but the Knight Frank name doesn’t â€“ again.
Auckland valuer Tony Kidd bought Rolle Knight Frank on 10 September but hasn’t yet made up his mind whether to continue with the agency side of the business, which was small.
He is keeping up the Wellington end of the business through a 50:50 partnership with Sarah Todd.
Their companies took on the new name Axiom Rolle PRP Valuation Services on 1 October and will focus on property and plant & machinery valuation.
Mr Kidd’s enlarged firm has formed an association with PRP of Australia (and through that with King Sturge of the UK and Corfac of North America).
Mr Kidd started Axiom Advisory Ltd 5 years ago after working for Rail Properties, AMP Investments & another large valuation firm. He has added 6 Rolle valuers to the 10 already at Axiom, while Ms Todd’s Axiom Rolle PRP Valuation Services (Wgtn) Ltd has 7 valuers.
In Auckland, Mr Kidd also has a body corporate management business, Fairfax Management Ltd, which has begun assembling a portfolio of apartment & cbd fringe management contracts. He’s also moved to new premises in the Newcall building on Khyber Pass Rd â€“ new premises for both the Axiom and Rolle staff.
PRP (full name Preston Rowe Paterson) has 8 offices around Australia and recently formed an association with UK firm King Sturge, one of Europe’s biggest property consultancies.
Axiom Rolle & PRP also have an association with King Sturge’s North American partner, Corfac International (Corporate Facility Advisors), which is a network of independently owned firms formed in 1989 as a nonprofit organisation.
The former Rolle Ltd changed its name to Namel Ltd on 1 September and went into receivership on 13 September after losing the Knight Frank franchise.
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