The UK’s biggest single property deal takes place: BP’s purchase of Britannic House for £93 million.
Douglas Elliman Knight Frank sells Pan-American World Airways Intercontinental Hotels Corporation to Grand Metropolitan for $500 million in New York.
Knight Frank & Rutley joins with a leading Hong Kong surveyor to form Knight Frank Kan and Baillieu.
Meanwhile, in the same year, the Singapore office is established.
The firm acquires additional premises at 5 Hanover Square to accommodate its growing staff, now comprising 53 partners and 5 associates.
Qantas Centre in Sydney is sold for $200 million, becoming Australia’s largest single biggest property sale.
The Residential Development division is set up at the London Docklands office.