US property services giant Newmark Group has established an office in Paris as part of its continued global expansion.
The firm said it has hired industry veterans Francois Blin and Emmanuel Frénot to lead the team, which will operate out of the office located at 32 Boulevard Haussmann in the 9th arrondissement of the French capital.
Newmark said France has consistently maintained its status as a prime real estate market, with a recent surge in demand for logistics and warehousing spaces, and in Paris, residential and office assets in prime locations. Overall, the market is expected to rebound as economic conditions gradually improve.
The Paris operation will comprise a dozen people in total and initially focus on capital markets and leasing. Team leaders Blin and Frénot join from JLL and CBRE, respectively, in the roles of chief business officer and deputy chief business officer.
The other new hires include co-heads of retail leasing, Antoine Salmon and Vianney d’Ersu, who join from Knight Frank to spearhead retail operations. They will be flanked by retail specialists Sarah Aghion, Alexandre Lechat, Louis Combet and Clara Leclerc.
Jérôme de Laboulaye joins as managing director from CBRE Capital Markets France to build Newmark’s capital markets office practice.
Nicolas Coutant joins from JLL to contribute to and assist in building various business lines.
David Bourla arrives from Knight Frank as head of research, providing data-driven market insights and high-end economic analysis and surveys in support of clients and brokerage professionals.
Alexandre Gotti, Newmark’s president of France, will oversee operations, strategic direction, growth and recruiting, assisting in developing the firm’s footprint in France and Europe.
'Newmark continues to broaden its reach and evolve with the industry's demands and our clients' needs, and our expansion into France with the amalgamation of such an impressive team is a significant milestone in our growth strategy and presents yet another opportunity to generate outstanding results,’ said CEO Barry Gosin.
‘We look forward to continuing to grow our European footprint and attracting top talent across the globe as we further increase revenues across our diverse geographies and service lines.’
