Montpelier Street based Nicolas Van Patrick (NVP) have purchased Hobart Slater, one of the original two Estate Agents who specialised in the Knightsbridge area. NVP have acquired both the business and premises, and in doing so added one of London’s most well-established property brands, together with a team of four agents who will double the size of the NVP team. Having exchanged contracts on the final day in October, the deal will complete on 31 January 2018. Says Nic Pejacsevich, one half of the NVP directorship: ‘This is the result of conversations between the NVP team and Hobart Slater, about things we all respect and cherish and want to see cultivated in London property. It is the culmination of an ongoing friendship and knowledge transfer.
To say the lines are blurring these days is an understatement. Anyone who has risen through the ranks of society now has multiple levels of complex representation around them. Let’s just call it what it is – an entourage! And September is the month they all return to London after time away in the sun. We’ve had knocks on the door in the past few weeks from a cook and a porter (introducing themselves as ‘family office’!) and a chauffeur and a maid (‘buyers agents’!). These guys are not shy and they are absolutely aware of their value in the buying chain. They are especially fond of a fresh coffee around the NVP walnut as we try and crack a.
KXU Just opened on Pavilion Road, KXU is the second venture from the people behind the well known, uber luxe gym KX off Brompton Cross. Instead of the usual membership fee, however, the new “one stop shop for boutique fitness” is pay-as-you-go; making it particularly appealing to frequent travellers. Boasting 40 of the industry’s most respected teachers, there is everything from yoga to spin classes and much more on offer. The spa is described as a “complete beauty and wellness clinic” and there is a deliciously healthy menu to refuel you after your workout. Where better to keep fit and network at the same time? kxu.co.uk Dinings We’ve long been fans of the Marylebone restaurant, which serves exceptional Japanese.
We are going to stick our necks out and say something radical: the most important person in London property is no longer the seller. It’s the buyer. Don’t get us wrong, we know who our clients are. Selling property on behalf of the seller is what pays our bills. But it’s in our client’s best interest that we treat buyers like gold dust. To say there are more sellers than buyers at the moment would be an understatement of epic proportions. And for the time being at least, it looks like this is the new normal. This gives the buyer a certain status – one that they haven’t enjoyed in as long as we can remember. The buyer is going.
We’ve talked previously about family offices being our principle customers. And about our existential inquiries. How are these things related? One of the current principle trends in residential real estate is the introduction of technology platforms to consolidate both the product offering and the database of buyers. One of the outcomes of this is to decrease cost of sale by downgrading the user-experience, and increase the volume of transactions by cheapening, and speeding up the velocity, of the buying process. The result is that buyers are more vulnerable than ever to amateur, subjective advice and speculative activity. They have no one to guide them, as faceless intermediary robots such as Zoopla, Rightmove and other start-ups in the sector continue to.