Newmark Bolsters Global Flexible Office Footprint with French Leader Acquisition

Newmark Group, Inc. is significantly expanding its international flexible office platform, a strategic move aimed at broadening its commercial real estate services across Europe and key global markets. This expansion follows the recent acquisition of Knotel's assets and now includes a majority stake in Deskeo, France's leading flexible and serviced office provider.

Key Takeaways

• Newmark acquires a majority stake in Deskeo, a French flexible office leader.
• This move adds over 50 locations to Newmark's international flexible office portfolio.
• The integration strengthens Newmark's Global Corporate Services (GCS) group.
• The expansion underscores Newmark's commitment to flexible office solutions and global client services.

Strategic Global Expansion

Newmark's acquisition of Deskeo, based in Paris, adds more than 50 locations to its international flexible office offerings. This strategic move is part of a larger initiative to provide a comprehensive suite of commercial real estate services globally. The integration of Deskeo, alongside the previously acquired Knotel assets, positions Newmark to cater to the evolving needs of businesses worldwide.

Strengthening the Global Corporate Services Group

The acquired Deskeo portfolio will now be integrated into Newmark's Global Corporate Services (GCS) group. This division focuses on delivering a wide array of workplace services to companies internationally. The GCS group has seen substantial growth, with the addition of numerous senior experts and a significant increase in new business assignments in the first half of 2021. The acquisitions of Knotel and Deskeo are expected to fuel further growth for the GCS group, enhancing its capabilities in portfolio strategy, leasing, project management, and facilities management.

Deskeo's Expertise and Future Role

Founded in 2016 by Benjamin Teboul and Frank Zorn, Deskeo specializes in flexible leasing for on-demand and tailored large-format workspaces. The company offers comprehensive real estate solutions, including serviced offices, meeting and event spaces, design and build services, and property management. Deskeo serves prominent clients such as Spotify, Shell, Hubspot, AXA, and TikTok in France. Teboul and Zorn will continue to lead Deskeo, working with Newmark to expand its success in European and international markets. Deskeo's existing portfolio and expertise will complement Newmark's GCS suite, providing additional resources and sites in Western Europe.

Newmark's Vision for Flexible Workspaces

Barry Gosin, CEO of Newmark, emphasized the company's long-term confidence in the future of flexible office solutions. He highlighted Newmark's unique capacity, through its GCS group, to offer a holistic view of international real estate markets and provide clients with tailored solutions. This is particularly relevant as companies re-evaluate their headquarters, satellite, and remote office strategies, seeking a single platform that can manage everything from strategy and design to workforce enablement.

Sources

• Newmark Announces Continued Global Expansion of Flexible…, Newmark.