Realtor plans to pitch Cayman to Russia

| 16/03/2011

(CNS): Following a trip to international real estate firm Knight Frank’s Global Real Estate Conference in London recently, one local real estate agent has secured himself an appointment to present opportunities in the Cayman property market to Russians looking to invest. Jeremy Hurst, Broker/Owner of International Realty Group Ltd. (IRG), said that while he was in the UK he delivered presentations to Knight Frank’s Russian and Middle Eastern teams who were also at the conference and they have now invited him to Moscow later this yearto make a direct pitch to interested parties there.

“My goal was to explain to these teams what an excellent opportunity the Cayman Islands represent for their investors and our comments were very well received,” he said. “We have been invited by the Russian/CIS team to visit Moscow to present to a number of their investors and plan to do so later this year.”

During his London visit Hurst said he was pitching Cayman to real estate experts from 230 offices in 25 countries including the Middle East, Hong Kong, China, Europe and the America’s as well as Russia.

“These conferences are an excellent opportunity to network and build strong relationships with our Knight Frank counterparts from throughout the world,” Hurst revealed. “There are very few real estate networks that can place you in a room with property experts from Moscow, Hong Kong, New York, London and India at the same time and provide you with the opportunity to promote your jurisdiction and the properties you represent on a one to one basis. Some of these individuals run some of the largest real estate offices in the world and have a huge client base of high net worth investors and our goal is to leverage the relationships we are building to access this client base and bring them to Cayman.”

Hurst also said he met with a number of IRG’s London based clientsand toured one of Knight Frank’s most prestigious listings – One Hyde Park – an ultra luxury apartment complex, which overlooks Hyde Park to one side and Knightsbridge to the other. The apartments are the most expensive real estate in the world at £6000 or almost US$10,000 per sq.ft.

Hurst said the conference was extremely valuable, adding that in the current economic climate it was essential to learn what’s happening in other markets across the world. “The benefit to our clients and their properties and the positive exposure to the Cayman Islands on a truly international stage is immeasurable,” Hurst stated.

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