Berkshire Hathaway HomeServices announced expansion of 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.
"London has been among our highest priorities as a key center for international business and an attractive market for global capital looking to invest in property," said 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. The estate agency was recently named "Smaller Managing Agent of the Year" at the prestigious ARMA ACE Awards, which recognize the U.K.'s leading residential asset managers and suppliers. It is also a perennial honoree of the British Property Awards, a recognition program that ultimately helps consumers choose estate agencies.
"We are proud to bring the Berkshire Hathaway HomeServices brand to London," said 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, added: “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.”