Business
Newmark Acquires Premier London Capital Markets and Leasing Real Estate Advisory Firm, BH2
NEW YORK and LONDON, April 4, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a world leader in commercial real estate, announces the
About this update from Newmark Group, Inc.
[{"type":"text","content":"NEW YORK and LONDON, April 4, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\"), a world leader in commercial real estate, announces the acquisition of leading London-based real estate advisory firm, BH2, led by the iconic Tony Gibbon. Tony joins with his partners, Dan Roberts, Sam Boreham and Rupert Williams. The acquired BH2 business will operate as Newmark BH2.\n\n \n \n \n \n \n \n\n \n\"Bringing on Tony, whose name is synonymous with London's institutional real estate market—one of the world's largest and most influential—accelerates Newmark's global growth and unified approach to driving client opportunities,\" said Newmark Chief Executive Officer Barry Gosin. \"The acquisition of BH2, whose top-tier experts boast an enviable reputation and stellar track record, puts Newmark at the forefront of capital markets and leasing in London.\"\nGibbon and his partners, Roberts, Boreham and Williams, bring decades of experience specializing in investment sales and purchases, leasing, occupier advisory, development consultancy and strategic asset management. BH2 has handled numerous London landmark trades across disciplines.\nNewmark's Vice Chairman and Co-Head of New York Capital Markets Investment Sales Division, Evan Layne, stated, \"Spending several years working alongside, as well as competing with, Tony earlier in my career while building a top advisory firm in Europe, I became so impressed with BH2 that when I returned to the U.S. to help build investment sales at Newmark, I knew there was only one right way to launch the company's London operations, Newmark must acquire BH2.\"\nBH2 has built a reputation advising many of the U.K.'s major 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 wider business strategy, they have completed hundreds of capital transactions and leased millions of square feet in the past five years. The newly formed Newmark BH2—combining BH2's local Central London market intelligence with Newmark's industry-leading infrastructure, technology and product offerings—is perfectly positioned to drive forward Newmark's growth and client-services in the U.K.\n\"The acquisition of BH2 establishes Newmark at the front of t...