NASSAU,
Bahamas, Nov. 15, 2023 /PRNewswire/ --
Douglas Elliman | Knight Frank announced today a new affiliate
partner for luxury real estate in the Bahamas. While Douglas
Elliman and Knight Frank have shared a formal global
alliance for more than a decade, this new affiliate platform,
beginning with The Isles Group, is the first-of-its-kind
affiliation between one of the largest independent brokerages in
the U.S. and its UK-headquartered international partner. It heralds
Douglas Elliman's arrival to the
Caribbean property market and
Knight Frank's expansion. Headquartered in Nassau, The Isles Group is a full-service,
luxury real estate company active in the key markets of the
Bahamas where neither brokerage
currently operates.
Through their longstanding partnership, Douglas Elliman |
Knight Frank comprise the world's largest privately-owned global
property network, with broad visibility and in-depth insights on
prime property, major investments, high-net-worth individuals
($1M+) and ultra-high-net-worth individuals ($30M+) at the highest
echelon of international real estate. With almost $100 million of sales under their belt within the
past 30 days, The Isles Group is well-positioned to tap into the
global brands' formidable marketing and public relations resources,
as well as their vast network of agents around the world.
"The value of our enduring partnership with Knight Frank has
always been greater than the sum of its parts," said Howard M. Lorber, Executive Chairman of
Douglas Elliman. "The launch of this
affiliate partner not only expands our combined global footprint,
but it also represents an exciting new chapter for our two great
brands."
Commenting on the affiliate partner, Paddy Dring, Head of
Global Prime Sales at Knight Frank said: "This is an exciting step
in our relationship with Douglas
Elliman. It is the first time Knight Frank has entered an
affiliate partnership like this and we have found a strong local
market partner with The Isles Group. We will work with Douglas Elliman to gain access to clients from
the US who have an interest in the Bahamian market and will be able
to tap into Knight Frank's existing Caribbean and wider global network to service
clients from elsewhere in the world.
"We are confident that this affiliation will be a success and
are working with Douglas Elliman to
roll-out similar partnerships in several other Caribbean markets where neither business
currently has a presence," added Stacey
Watson, Partner, International Residential at Knight
Frank.
Led by Chairman David Dingman and
Managing Partner James Mosko, The Isles Group provides brokerage
services across the entire Bahamas
with a focus on luxury properties. Founded in 2015 as Cross and
Mosko before rebranding in 2023, the firm maintains extensive
inventory in Nassau, Paradise
Island and across the country's 700 islands, including Harbour
Island, Eleuthera, The Abacos and The Exumas and their extensive
international client base is a clear synergy with Douglas
Elliman | Knight Frank.
"James and I pride ourselves on the deep local knowledge and
bespoke, best-in-class service we provide our clientele in the
Bahamas and beyond,"
said Dingman. "Our alliance with Douglas Elliman | Knight
Frank will not only empower us to elevate our service with new
technologies and continuous innovation, it will also spotlight the
Bahamas as an international wealth
investment destination."
"On top of their 40-plus years of combined experience in real
estate and construction, both David and James have deep family and
business roots in the Bahamas that
go back more than a century," said Scott
Durkin, President and Chief Executive Officer of Douglas
Elliman Realty. "I can't think of a better ally to join us."
About Douglas Elliman Inc.
Douglas Elliman Inc.
(NYSE: DOUG, "Douglas Elliman") owns
Douglas Elliman Realty, LLC, which is one of the largest
residential brokerage companies in the
United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in
early-stage, disruptive property technology ("PropTech") solutions
and companies and provides other real estate services, including
development marketing, property management and settlement and
escrow services in select markets. Additional information
concerning Douglas Elliman Realty is available on its
website, www.elliman.com.
Investors and others should note that we may post information
about Douglas Elliman Inc. on our website
at investors.elliman.com or, if applicable, on our
accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube
or other social media platforms. It is possible that the postings
or releases could include information deemed to be material
information. Therefore, we encourage investors, the media and
others interested in Douglas Elliman
to review the information we post on our website
at investors.elliman.com and on our social media
accounts.
About Knight Frank
Knight Frank LLP is the leading
independent global property consultancy. Headquartered in
London, the Knight Frank network
has 604 offices across 58 territories and more than 25,000 people.
The Group advises clients ranging from individual owners and buyers
to major developers, investors, and corporate tenants. For further
information about the Firm, please visit www.knightfrank.com.
About The Isles Group
The Isles Group is a full-service, luxury real estate company
headquartered in Nassau, The
Bahamas. Operating in alliance
with Douglas Elliman | Knight Frank, two of the world's
leading real estate players, The Isles Group couples expert local
Bahamas knowledge with true global
reach.
With a focus on ultra-luxury properties in premier destinations
in The Bahamas, The Isles Group
has access to extensive inventory in the top private communities in
Nassau and Paradise Island.
Coverage extends to The Bahamas's
700 islands – including The Exumas, Eleuthera, The Abacos, and
numerous smaller islands and private cays. The Isles Group also
supports clients in accessing exclusive off-market real estate
opportunities.
The Isles Group is led by Managing Partner – James Mosko and Chairman – David Dingman, who collectively have over 40
years of experience in the real estate, investment and construction
industries. David and James have also led multi-generational,
family-owned businesses with over 100 years of history in The
Bahamas. Our team includes both
local agents in The Bahamas and
agents in the Douglas Elliman | Knight Frank global network –
ensuring we are able to serve our clients at a truly global
level.
For further information about The Isles Group, please
visit www.theislesgroup.com.
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