Fastest-Growing Publicly Traded Commercial Real Estate Firm
Since 2011 Brands London-Based BH2 and Gerald Eve
NEW
YORK and LONDON,
Jan. 27,
2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq:
NMRK) ("Newmark" or "the Company"), a leading commercial real
estate advisor and service provider to large institutional
investors, global corporations, and other owners and occupiers,
announces that London-based real
estate advisory firms BH2 and Gerald
Eve now operate as Newmark.
Newmark generated nearly $350
million in revenue from outside the U.S. in the 12 months
trailing September 30, 2024, which
represents a more than 60% compound annual growth rate since its
2017 IPO. The majority of that has come from the UK and Continental
Europe, where the company has built a strong foundation of
market-leading talent represented by over 1,000 professionals,
including in the UK, France,
Germany, Ireland, the
Netherlands, Belgium,
Italy and Poland.
"Newmark's rapid and early-phase expansion throughout
Europe reflects our commitment to
delivering world-class expertise and solutions to our clients
across the globe," said Barry Gosin,
Chief Executive Officer. "Unifying our brand positions us to
achieve even greater success in critical markets, where we expect
to offer services across nearly all verticals in the near future as
we continue our expansion internationally."
The company has gained added breadth of services across
Europe through its acquisitions of
BH2, Gerald Eve, Harper Dennis Hobbs, Knotel and Deskeo – as well
as through key strategic appointments of top talent in the UK,
France and Germany. Newmark has also significantly
expanded its international operations over the past several years
in markets such as Canada,
Mexico, Singapore, Hong
Kong and India.
Newmark now operates from more than 20 European
offices1 across multiple business lines and property
types, such as Capital Markets, Corporate Real Estate Advisory,
Debt and Structured Finance, Business Rates, Planning and
Development, Tenant Representation, Landlord Leasing and Valuation
& Advisory. Newmark's esteemed commercial real estate leaders
Tony Gibbon, Simon Prichard and David
Harper oversee and help drive Newmark's UK businesses while
Marcus Lütgering, Alexandre Gotti,
Francois Blin and Emmanuel Frénot drive Germany and France; all work closely with Michael Lehrman, President of UK, and Newmark's
market-leading U.S. business lines.
"The unification of Newmark's brand around the world creates a
dynamic bench of talent and expertise, allowing us to seamlessly
connect global capital to opportunities no matter the location,"
said Lehrman. "This synergy enhances our delivery of innovative,
customized outcomes, ensuring our clients remain ahead in an
increasingly interconnected market."
Newmark is in a strong position to advise clients on both
in-demand and recovering sectors, with a global roster of
innovative and market-leading talent in the U.S. and around the
world specializing in office, retail, residential/multifamily,
industrial and logistics, hotels and data centers. Recovery in
European property values is expected to continue in 2025, according
to Newmark Research, and investment activity is expected to
accelerate throughout the year.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK),
together with its subsidiaries ("Newmark"), is a world leader in
commercial real estate, seamlessly powering every phase of the
property life cycle. Newmark's comprehensive suite of services and
products is uniquely tailored to each client, from owners to
occupiers, investors to founders, and startups to blue-chip
companies. Combining the platform's global reach with market
intelligence in both established and emerging property markets,
Newmark provides superior service to clients across the industry
spectrum. For the year ended December
31, 2023, Newmark generated revenues of approximately
$2.5 billion. As of June 30, 2024, Newmark's company-owned offices,
together with its business partners, operate from approximately 170
offices with 7,800 professionals around the world. To learn more,
visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about
Newmark
Statements in this document regarding Newmark that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements. These
include statements about the Company's business, results, financial
position, liquidity, and outlook, which may constitute
forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is
currently expected. Except as required by law, Newmark undertakes
no obligation to update any forward-looking statements. For a
discussion of additional risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see Newmark's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
and Special Note on Forward-Looking Information set forth in these
filings and any updates to such risk factors and Special Note on
Forward-Looking Information contained in subsequent reports on Form
10-K, Form 10-Q or Form 8-K.
1 Inclusive of Newmark affiliate and business partner
offices.
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SOURCE Newmark Group, Inc.
