on Newmark Group, Inc.
Newmark Expands European Footprint with L+P Acquisition
Newmark Group, Inc., a prominent player in the commercial real estate sector, has announced its acquisition of L+P Immobilienbewertungs GmbH. L+P, a respected full-service real estate valuation firm based in Germany, will enhance Newmark's Valuation & Advisory business within its Investor Solutions division. This marks Newmark's fourth valuation acquisition this year, reinforcing its position in Europe.
L+P, known for its independent, high-quality valuation services, specializes in commercial, residential, and specialized real estate. The integration aims to leverage L+P's local market expertise with Newmark's global platform and technology, promising greater value for clients.
John Busi, President of Newmark Valuation & Advisory, highlights this move as vital for expanding their European capabilities, while Marcus Lütgering, Country Head for Germany, notes L+P’s long-standing reputation in delivering precise appraisals, strengthening Newmark's service to investors and public-sector clients.
R. E.
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