Business
Newmark Announces Continued Global Expansion of Flexible Office Platform
Acquisition of Paris-based office operator, Deskeo, supports U.S.-headquartered Newmark's growing global operations, adding over 50 new flexible workspace
About this update from Newmark Group, Inc.
[{"type":"text","content":"Acquisition of Paris-based office operator, Deskeo, supports U.S.-headquartered Newmark's growing global operations, adding over 50 new flexible workspace locations with additional services capacity and reach in Europe\n\n\nNEW YORK and PARIS, Oct. 4, 2021 /PRNewswire/ -- Newmark Group, Inc., announces the expansion of its flexible office platform internationally – part of the company's broader strategy to offer a diverse suite of commercial real estate services throughout Europe and key regions throughout the world. \n\n \n \n \n \n \n \n\n \nJust months after acquiring the assets of Knotel, a leading flexible office platform with locations throughout the U.S., the U.K. and Europe, Newmark has acquired a majority stake of the start-up Space Management (DBA \"Deskeo\"), France's leader in flexible and serviced office space for enterprise clients. Based in Paris, Deskeo adds over 50 locations to Newmark's international flexible office portfolio. The successful operator is a dominant brand in its markets, and its portfolio will now leverage Newmark's growing Global Corporate Services ('GCS') group, which provides a comprehensive suite of workplace services to companies worldwide.\n\"Our acquisition of Deskeo, combined with the existing Knotel portfolio, is a testament to Newmark's long-term bullishness on the future of flexible office and our commitment to providing a diverse range of client services on a global scale,\" said Newmark Chief Executive Officer Barry Gosin. \"Through our growing GCS group, we have developed the unique capacity to offer a truly holistic view on international real estate markets and to offer clients the solutions they need for those markets. Particularly as companies contemplate their headquarters, satellite and remote office strategies, our ability to provide a full spectrum of solutions via a single platform, from strategy to workplace design to workforce enablement, is invaluable.\" \nNewmark's GCS group has experienced an intensive growth period as the company has invested in its global expansion through acquisitions and hiring. In 2021, GCS has added over a dozen new senior experts, including Chief Executive Officer Richard Bertasi in New York City and GCS Chief Operating Officer Mike Runicles in Singapore, and earned 231 new business assignments from 195 discrete clients in the first half of the y...