NEW YORK and MUNICH, Oct. 7, 2024 /PRNewswire/ — Newmark Group (NASDAQ:), Inc. (Nasdaq: NMRK) (“Newmark”), a number one industrial actual property advisor and repair supplier to giant institutional traders, world firms, and different homeowners and occupiers publicizes that Germany’s distinguished {industry} chief Marcus Lütgering has joined to guide its efforts in constructing out the agency’s German enterprise, persevering with its world technique to rent top-tier professionals throughout almost all {industry} verticals, asset lessons and key geographies.
“Germany stands as a premier world monetary and industrial heart, dwelling to 50 Forbes World 2000 20241 corporations, together with main banks and different monetary establishments, main producers and expertise corporations, in addition to the European Central Financial institution. Below Marcus’ management, our new German flagship affords super alternatives for networking, partnerships and enterprise growth as we intention to capitalize on the nation’s financial power and funding alternatives,” mentioned Barry Gosin, Chief Government Officer. “We count on to be in almost all main cities in Germany and broaden the success of our world platform throughout the nation, emulating our main occupier and investor advisory capabilities.”
Lütgering, based mostly in Munich, will oversee Newmark’s brokerage operations in Germany, together with recruiting, strategic path, enterprise improvement and consumer service. Lütgering joins Newmark after constructing a famend popularity, having led JLL’s German workplace funding operations as head of the Munich workplace. He was a number one voice on the EMEA Workplace Board and likewise a member of the agency’s Technique Board for Germany. Lütgering beforehand labored at HIH GmbH and as an advisor for a distinguished household in Munich with a powerful presence within the U.S. Over the course of his profession, Lütgering has labored on a few of Germany’s most distinguished gross sales, finishing greater than 450 transactions totaling €36.8B in worth.
“We’re thrilled to welcome Marcus to guide our strategic growth into Germany, which marks a major milestone in our world collaboration throughout Funding Gross sales, Debt & Structured Finance, Occupier Companies and different key areas,” mentioned Michael Lehrman, Newmark’s President of the United Kingdom. “This growth affords a novel alternative for our UK and France groups to strengthen and broaden consumer relationships in Germany, synergizing our prime expertise throughout Europe and North America to reinforce our service choices and solidify our place within the market.”
Newmark is the fastest-growing industrial actual property companies firm since 20112. Rating because the third-largest agency in U.S. funding gross sales by MSCI and the second-largest agency in U.S. debt origination by Industrial Property Government for 2023, the Firm has almost quadrupled its debt origination market share and greater than doubled its funding gross sales market share since 20153.
Having been energetic in key EMEA (together with UK), cities for a while, Newmark has a rising presence in Germany and all through Europe at giant, establishing a regional headcount of roughly 1,000 professionals in lower than three years and producing roughly $300 million in annual revenues from its EMEA operations over the twelve months ended June 30, 2024. 13.4% of Newmark’s income over the identical interval was generated by the Firm’s non-U.S. companies, up from lower than 5% in 2021, largely pushed by brokerage, gross sales and leasing advisory acquisitions and strategic hires all through the UK. Most lately, the Firm established its Paris, France flagship workplace. Since its March opening, the French staff has welcomed 35 industry-leading industrial actual property professionals and expects to proceed rising. Newmark’s formal entrance into Munich builds off the agency’s present enterprise actions, which embody transactions and consulting advisory in main cities together with Berlin, Düsseldorf, Essen, Frankfurt am Essential, Herzogenaurach, Köln, Munich and Münster.
“Newmark’s dedication to offering client-first service and hiring and creating the {industry}’s finest expertise is second to none,” mentioned Lütgering. “I’m extremely honored to guide Newmark’s growth in Germany. This chance represents a major milestone, for Newmark and likewise personally. I sit up for leveraging my expertise within the {industry} to drive development, innovation and distinctive consumer service in one in every of Europe’s most dynamic markets whereas contributing to Newmark’s world success.”
“Our dedication is to supply a platform that draws, allows and empowers our professionals to excel, whereas steadfastly pursuing our mission to unite probably the most gifted and revolutionary people throughout the globe,” added Gosin.
As Europe’s largest financial system, providing stability and resilience to financial fluctuations, the German market performs a vital position within the broader European industrial actual property surroundings. A significant industrial and logistics hub with cities like Frankfurt and Berlin driving demand for workplace, company and tech areas, Germany attracts important worldwide funding and was the second-largest marketplace for industrial actual property transactions in Europe (after the UK) for the six months ended June 30, 2024 and calendar years 2023 and 2022, and was the most important in 20214. Germany’s management in sustainability and inexperienced constructing practices additional enhances its enchantment, making the market a key focus for long-term actual property development and improvement.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a world chief in industrial actual property, seamlessly powering each part of the property life cycle. Newmark’s complete suite of companies and merchandise is uniquely tailor-made to every consumer, from homeowners to occupiers, traders to founders, and startups to blue-chip corporations. Combining the platform’s world attain with market intelligence in each established and rising property markets, Newmark offers superior service to shoppers throughout the {industry} spectrum. For the 12 months ended December 31, 2023, Newmark generated revenues of roughly $2.5 billion. As of June 30, 2024, Newmark’s company-owned places of work, along with its enterprise companions, function from roughly 170 places of work with 7,800 professionals around the globe. To be taught extra, go to nmrk.com or observe @newmark.
Dialogue of Ahead-Wanting Statements about Newmark
Statements on this doc relating to Newmark that aren’t historic information are “forward-looking statements” that contain dangers and uncertainties, which might trigger precise outcomes to vary from these contained within the forward-looking statements. These embody statements in regards to the Firm’s enterprise, outcomes, monetary place, liquidity, and outlook, which can represent forward-looking statements and are topic to the danger that the precise affect could differ, presumably materially, from what’s at the moment anticipated. Besides as required by regulation, Newmark undertakes no obligation to replace any forward-looking statements. For a dialogue of extra dangers and uncertainties, which might trigger precise outcomes to vary from these contained within the forward-looking statements, see Newmark’s Securities and Change Fee filings, together with, however not restricted to, the danger elements and Particular Word on Ahead-Wanting Data set forth in these filings and any updates to such threat elements and Particular Word on Ahead-Wanting Data contained in subsequent studies on Kind 10-Okay, Kind 10-Q or Kind 8-Okay.
1 Forbes The World 2000 2024 printed June 6, 2024 hyperlink.
2 Newmark’s 2011 revenues are based mostly on unaudited full 12 months 2011 revenues for Newmark & Firm Actual Property, Inc. The friends included within the 2011- 2023 common are U.S. tickers CBRE, CIGI, JLL, MMI, and WD, (in USD) and U.Okay. ticker image SVS (in GBP). As well as, U.S. ticker CWK didn’t report revenues for intervals earlier than 2015 and is subsequently excluded.
3 Funding gross sales market share is calculated by dividing Newmark’s U.S. volumes by MSCI U.S. funding gross sales volumes for the related dates. Debt origination market share consists of Newmark’s non-originated mortgage brokerage quantity plus GSE/FHA origination volumes. Newmark’s debt market share are these volumes divided by the Mortgage Banker’s Affiliation industrial/multifamily mortgage origination volumes. The time-frame for this U.S. market share knowledge compares 2015 with the trailing twelve months ended July 30, 2024. Market share knowledge is relevant to the U.S. solely
4 Based on MSCI Actual Property (previously recognized Actual Capital Analytics, or “RCA”)
