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Highlights
- Newmark appoints Marcus Lütgering to lead German expansion, enhancing local brokerage operations.
- Germany's robust economy presents significant opportunities for Newmark's growth and networking.
- Newmark continues rapid expansion, ranking third in U.S. investment sales and second in debt origination.
Newmark Group, Inc. (Nasdaq:NMRK), a prominent player in the commercial real estate sector, has announced a significant expansion of its German business by appointing Marcus Lütgering as the leader for its new operations. Lütgering, a respected figure in the industry, will guide Newmark's efforts to capitalize on Germany's robust economic landscape. This strategic move aligns with Newmark’s global initiative to attract top-tier professionals across various sectors and regions.
Germany is recognized as a premier global financial and industrial hub, hosting 50 Forbes Global 2000 companies, including influential banks, leading manufacturers, and technology firms, as well as the European Central Bank. Barry Gosin, Newmark's CEO, emphasized the importance of Lütgering’s leadership, stating, “Under Marcus' guidance, our new German flagship offers tremendous opportunities for networking, partnerships, and business expansion.” He highlighted Newmark's ambition to establish a strong presence in major German cities, thereby extending its global platform and enhancing its advisory capabilities for occupiers and investors alike.
Marcus Lütgering will operate from Munich and will be responsible for overseeing Newmark’s brokerage operations in Germany. His role will encompass recruiting, strategic planning, business development, and client service. Prior to joining Newmark, Lütgering held a prominent position at JLL, where he led the German office investment operations and contributed significantly as a member of both the EMEA Office Board and the Strategy Board for Germany. His extensive experience also includes a notable tenure at HIH GmbH and advisory roles for a prominent Munich-based family with strong ties to the U.S. market. Throughout his career, Lütgering has executed over 450 transactions, amassing a total value of €36.8 billion, solidifying his reputation as a leading voice in the industry.
Michael Lehrman, President of Newmark’s UK operations, expressed enthusiasm for Lütgering's arrival, calling it a pivotal milestone in the company’s global strategy. “This expansion provides a unique opportunity for our UK and France teams to strengthen client relationships in Germany,” he said. Lehrman emphasized the importance of synergizing top talent across Europe and North America to enhance Newmark’s service offerings and strengthen its competitive position.
Since 2011, Newmark has been recognized as the fastest-growing commercial real estate services company. According to recent industry rankings, the firm stands as the third-largest in U.S. investment sales and the second-largest in U.S. debt origination. Notably, Newmark has nearly quadrupled its market share in debt origination and more than doubled its investment sales market share since 2015, reflecting its ambitious growth trajectory.
As Newmark embarks on this new chapter in Germany, the company is well-positioned to leverage local expertise and capitalize on emerging opportunities within the dynamic European real estate market.
