Global + Finance | March 13, 2023

Newmark Group acquired London-based real estate advisory firm Gerald Eve LLP, augmenting its international expansion

Newmark Acquires Gerald Eve LLP, Augmenting International Expansion

Newmark Group, Inc. has acquired London-based real estate advisory firm Gerald Eve LLP. Financial terms weren’t disclosed. The transaction provides Newmark with added depth and breadth of services, augmenting its expansion internationally and positioning it to be a market leader in office, logistics and retail in the UK and Europe.

“Gerald Eve is a market-leading advisor in the UK,” said Newmark CEO Barry Gosin. “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.”

Simon Prichard will continue to serve as senior partner of the Gerald Eve business post-closing, alongside managing partner Simon Rees.

Counting many of the FTSE100 as clients, Gerald Eve operates from nine UK offices across multiple business lines and property types. It has particular strength in capital markets, corporate real estate advisory, planning and development, tenant representation, landlord leasing and valuation.

Pictured, from left: Simon Prichard and Simon Rees.

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Newmark's Prichard

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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