It’s a move 12 months in the making, but two real estate businesses have finally merged under a single Launceston roof – and a global name.
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Woolcock Partners moved into the recently completed office space in Cameron Street last week, joining Knight Frank to deliver a new property solution for the north of Tasmania across commercial, residential, consulting and research, project marketing, and valuation services.
Both business operated independently to each other in the North prior to the merger, albeit in different areas of the property market.
After buying in to the Knight Frank business Sam Woolcock, Rob Dixon of Knight Frank, and their newly combined staff, are all looking forward to getting on with the job.
“With the two business coming together now we cover off both sides… all under one roof,” Mr Woolcock added.
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The new firm, branded Knight Frank, now forms one of the largest real estate businesses in the state with 85 staff across the North and South.
Sam Woolcock will also join the Tasmanian Knight Frank board.
In Launceston, Knight Frank had been involved in commercial leasing and asset management under Rob Dixon since 2010, while Woolcock Partners – under the Woolcock family – has worked across residential property for over 40 years.
With Knight Frank already operating a combined residential and commercial division in Hobart, the move to merge with the Launceston firm made sense for both parties according to Mr Woolcock.
“The merger with Woolcock Partners and Knight Frank means we’ve now got the complete picture both in Launceston servicing the north of the state and in Hobart serving the south of the state.”
The Woolcock Partners company has existed in some form since around the 1930s, though it only began to bear the family name after his father Richard purchased it in the 1970s.
“10 or 15 years ago we changed it to Woolcock Partners,” Mr Woolcock said.
Around five years ago, after working within the business for 16 years, he purchased it off his father.
“This is just another piece, another generation of it,” he added.
“Now that we’ve merged the two business, we’re actually looking at expanding our footprint here now we’re under the same roof.
“Hopefully we don’t run out of room too quickly.”
The Knight Frank brand was a major drawcard for Mr Woolcock.
Headquartered in London, the firm has operated for 120 years and is one of the oldest singularly owned property businesses in the world.
“It has a strong heritage of that old integrity-based real estate,” he said.
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