Tim Hyatt, currently in charge of Knight Frank’s London residential operation, is to take over as the firm’s residential work across the UK from next April.
Hyatt joined Knight Frank in 2003 from Foxtons, where he rose to become lettings director.
He comes from a family of estate agents: his father was a director of Mann & Co, and his brother a partner at Marsh & Parsons.
Yet he did not start off in property. After a job at men’s shop Tie Rack and travelling in France and South Africa his brother – who used to play squash with Foxtons founder Jon Hunt – suggested him for a job at Foxtons, where he had what he calls a thorough grounding in lettings, sales and property management.
During his 15 years at Knight Frank, Hyatt has been best known for developing the London lettings side; but just last year he took over as head of London residential - a post previously held by the veteran agent Noel Flint.
Now Hyatt’s latest promotion also follows a retirement - next March, after 38 years at the firm, Andrew Hay will step down from the Knight Frank partnership.
Hay’s role consisted of being head of both UK residential and global residential.
While Hyatt will take on the UK responsibilities from next spring, the international residential responsibilities will be taken over by Rupert Dawes with immediate effect.
Alistair Elliott, senior partner and group chairman, Knight Frank says: “Both Tim and Rupert come to their new roles with a wealth of experience that will ensure the residential business, both in the UK and globally will be excellently positioned for its next phase, there is lots to look forward to.
“I would like to thank Andrew for his guardianship of the residential business for the last eight years. His passion and energy for Knight Frank is, and always has been, inspiring. His ability and enthusiasm has been key to ensuring Knight Frank has a truly connected global network. Andrew remains in his role until 1 April 2020, and I know there will be no slowing of pace during that time.”