NZ launches The Wealth Report

July saw Knight Frank New Zealand host an exclusive launch event for The Wealth Report 2017. Held at the head office in Auckland’s CBD, approximately 50 HNWI’s, property developers and contributors were hosted by Layne Harwood (Country Head), Gary Noland (National Director – Capital Markets and Development Advisory), and Kitty Rothschild (National Director – Project Marketing). This was the first year that Knight Frank New Zealand has hosted a launch event for the Wealth Report, and the team was privileged to have Andy Hay, Global Head of Residential, join as guest speaker for the event, which coincided with his visit to New Zealand for the B&I Lions Tour. Andy’s presentation covered the trends of the world’s UHNWI’s and elaborated on the most lucrative industries for investment. A key trend highlighted was New Zealand’s position as a “billionaires’ bolthole – tempting the globe’s super rich”, with New Zealand’s UHNW population expected to grow by 70% over the next decade, compared to Europe and North America at 12% and 31% respectively. The presentation emphasised the importance of the southern hemisphere’s, and particularly New Zealand’s, place on the world stage as an attractive option for investors. Feedback was very positive with attendees from the ANZ Private Bank, local HNWI’s, and the corporate development sector. Being able to present a macro view of wealth trends was new and enlightening. The New Zealand team looks forward to establishing The Wealth Report as a regular event on the property industry calendar.