This alliance will establish a global capital markets platform, providing clients with access to cross-border investors, international institutions, banks and sovereign wealth funds. The platform spans all major capital hubs and sources of capital, including the US, Asia Pacific, Europe, the UK and Middle East.

William Beardmore-Gray, senior partner & group chair at Knight Frank, said: 'I am excited to announce Knight Frank’s alliance with Berkadia – a relationship built on our mutual values and an ultimate ambition to become the world’s best, most trusted capital markets platform.

'Together, we have created an alliance focused on our clients’ needs, providing strategic advice and delivering a range of best-in-class capital markets solutions.'

The alliance will be guided by an Alliance Management Board, which will meet quarterly and include senior executives from both organisations, including Neil Brookes, Knight Frank’s global head of capital markets, and Keith Misner, Berkadia’s co-head of investment sales.

The alliance will also establish an on-the-ground Knight Frank presence in the US via a secondment, as well as a Berkadia presence in Knight Frank’s London headquarters.

Added Beardmore-Gray: 'More than that, we have a shared view of the world, that independent long-term relationships offer a superior experience to all of our clients.

'This is the beginning of a lasting alliance, one which will cultivate both our firms’ collective expertise and suite of services we offer our global client base and will provide the perfect complement to our established relationships with our existing partners Cresa and Douglas Elliman.'

Justin Wheeler, CEO of Berkadia, said: 'This newly formed alignment between our two firms will have innumerable benefits for clients on both sides. Berkadia’s depth of industry knowledge and experience will flow seamlessly with Knight Frank’s vast global network and valuation expertise to shift our transaction life cycle into high gear.'