2023-03-10 08:13:29 ET
- Newmark Group ( NASDAQ: NMRK ) on Friday announced the acquisition of UK-based real estate advisory firm, Gerald Eve.
- Financial terms of the deal were not disclosed.
- Gerald Eve operates from nine UK offices across multiple business lines and property types, with particular specialization in capital markets, corporate real estate advisory, planning and development, tenant representation, landlord leasing and valuation. The business generated revenues of £92.7M in fiscal year 2022.
- The transaction expands Newmark's ( NMRK ) expansion internationally and provides access to added depth and breadth of services.
- Newmark CEO Barry Gosin said, "Gerald Eve adds momentum to our goal of having more than 10% of Newmark's revenue generated from outside of the United States by 2025. The closely aligned values and culture of Newmark and Gerald Eve position this combination for continuity and undisputed industry expertise."
For further details see:
Newmark acquires UK real estate advisory