NEW YORK and LONDON, April 4, 2022 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”), a global leader in commercial real estate, announces the acquisition of LondonBH2, a real estate advisory firm based in the city, led by the iconic Tony Gibbon. Tony joins his partners, dan roberts, sam boreham and rupert williams. The acquired BH2 business will operate as Newmark BH2.
“Bring Tony, whose name is synonymous with From london The institutional real estate market, one of the largest and most influential in the world, accelerates Newmark’s global growth and unified approach to driving client opportunity,” said Newmark’s CEO. barry gosin. “The acquisition of BH2, whose world-class experts have an enviable reputation and a stellar track record, places Newmark at the forefront of the leasing and capital markets in London.”
Gibbon and his partners, Roberts, Boreham and Williams, bring decades of experience and specialize in investment sales and purchases, leasing, occupant advice, development consulting and strategic asset management. BH2 has handled numerous London historical operations in all disciplines.
Vice President of Newmark and Co-Head of the New York Capital Markets Investment Sales Division, Evan Laynestated, “I spent several years working alongside Tony and competing with him early in my career as he built a major advisory firm in EuropeI was so impressed with BH2 that when I returned to the US to help generate investment sales at Newmark, I knew there was only one right way to launch the business. London operations, Newmark should acquire BH2″.
BH2 has built a reputation advising many of the UK’s leading corporations, investors, financial institutions and developers, from providing first-class capital markets execution to consulting on large-scale strategic development projects. Helping clients optimally align property with a broader business strategy, they have completed hundreds of capital transactions and leased millions of square feet in the last five years. The newly formed Newmark BH2, combining the local BH2 Central London market intelligence with Newmark’s industry-leading infrastructure, technology and product offerings, is perfectly positioned to drive Newmark’s UK growth and customer services
“The acquisition of BH2 puts Newmark at the top of the leadership charts and prepares it to expand across EMEA, adding to the array of talented professionals that has put the firm at the forefront of the capital markets of the US for the last five years,” he said. robert griffinNewmark Co-Head of US Capital Markets
“In the nearly three decades since we formed BH2, we’ve prioritized working with groups that are smart, motivated and forthright – a trait we’ve found in Newmark. I felt there was some ‘magic’ in cultural compatibility. The formation of Newmark BH2 is a confluence of like-minded entrepreneurs and entrepreneurial spirit,” Gibbon said. “Becoming part of Newmark allows us to expand cross-border services, particularly tenant representation and debt placement.”
Gibbon and his partners join Newmark with decades of experience and industry leadership. An industry veteran of 41 years, Gibbon was a founding partner of BH2 and is involved in all aspects of the Central London markets. Both Roberts and Boreham also began their real estate careers in 1999 and joined BH2 in 2012. Roberts specializes in leasing, development consulting and occupant advice, while Boreham focuses on leasing and occupant services. Williams, whose real estate career began in 1999, joined BH2 in 2010 and focuses on capital markets transactions.
“The combination of a world leader in Newmark and best in class London platform at BH2 creates a company that is particularly well positioned to provide significant value to clients of various types and sizes, brookfield between them,” he said. ben brownmanaging partner and director of the US office, brookfield.
Newmark continues its focused effort to be the world’s leading capital markets firm, advising investors at all levels of the capital stack: buying, selling, financing, full recapitalizations, as well as leasing of all types of assets. . Newmark Group and BH2 share client relationships with companies including brookfieldblack stone, Tishman-Speyer and Nuveen. The acquisition of BH2, which closed April 1, 2022comes on the heels of recent Newmark expansion announcements, including acquisitions, hires and deals in key global markets, including France, Germany, Poland, Hungary, Hong Kongand Dubaiin addition to Londonwhere Newmark had previously acquired the retail specialist Harper Dennis Hobbs in 2019.
“We couldn’t be more excited to start our EMEA build journey with high-profile acquisitions like BH2 and retail advisory Harper Dennis HobbsGosin commented.
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly driving every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to each client, from owners to occupants, investors to founders, and from startups to blue chip companies. By combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues greater than $2.9 billion for the year ending December 31, 2021. Newmark’s company-owned offices, along with its business partners, operate from approximately 160 offices with more than 6,200 professionals worldwide. For more information, visit nmrk.com or follow @new brand.
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 effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and prospects, 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 statement. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, risk factors and Special note about the future. 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.
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SOURCE Newmark Group, Inc.