Newmark Group [NASDAQ: NMRK] Buys Majority Stake of Deskeo

Newmark Group, Inc. [NASDAQ: NMRK] disclosed that it has purchased majority holdings of Start-up Space Management (DBA Deskeo) which has earned a reputation as France’s leader in flexible and serviced office space for enterprise clients. This acquisition decision of the firm will grow its flexible office platform all around the world.

This transaction is in line with the vast strategy of the firm to deliver a varied suite of commercial real estate services throughout Europe and key regions throughout the world. Deskeo has its headquarter in Paris which will add more than 50 locations to Newmark’s international flexible office portfolio.

Furthermore, Deskeo is a leading brand in its markets, and its portfolio will now utilize Newmark’s growing Global Corporate Services (‘GCS’) group, which offers a broad suite of workplace services to companies internationally. Deskeo delivers flexible leasing for on-demand and customized large-format workspaces and the services linked with the provision of those spaces.

In addition, Newmark’s GCS group has witnessed s strong growth period as the company has invested in its global expansion through acquisitions and hiring. The additions of Knotel and Deskeo position Newmark, and GCS, for future growth, offer the group a suite of services that fulfill the diverse needs of modern businesses, including portfolio strategies, leasing, project management, facilities management, workplace strategies, and more.