The company, which was founded in 1997, has sold 2,088 units to date this year, equating to £252 million worth of property. This is more than double the £123 million figure achieved in 2014, during which 1,578 units were sold. Thirteen full developments were launched in total in 2015, while 17 sold out – including tower one of X1 Media City – the largest residential scheme in the North West.
Michael Fenlon, sales director at Knight Knox, said: “It’s been an astonishing year for Knight Knox and the market in general, as investors discover the benefits of buy-to-let. Our developments reflect what tenants are looking for when it comes to quality and facilities on offer. With many of our projects based in regional cities, which continue to soar in popularity, our sales have really taken off.”
As a result of sustained growth, and in order to prepare for record sales in 2016, the company recently made a number of new appointments, including a finance director, quality assurance officer and a number of property consultants. Twenty members of staff were hired over 2015 across all departments, bringing the total headcount to 57.
Shortlisted for Residential Investment Agency of the Year at this year’s prestigious Property Week Residential Awards, the company also recently doubled its office space to house its increased workforce and facilitate further growth.
Michael added: “With the continued success expected over the next 12 months, it’s been important to bring in the right people to join the team. We’ve ended the year in a really strong position, with a network of skilled and experienced staff in place, and our new offices will only equip us further for an even better 2016.”