Newmark acquires Catella Valuation Advisory in Paris

Commercial real estate firm Newmark Group has acquired Parisian real estate valuation company Catella Valuation Advisory SAS.

Paris - Newmark

This acquisition significantly boosts Newmark's presence in France, expanding its team to roughly 200 employees just one year after launching its Paris office. 
Catella is known for valuing diverse property types, asset types, including office, retail, industrial, residential, clinics, nursing homes (EHPAD), hospitality and leisure.
The company, which has operated as a subsidiary of Catella France SAS, will integrate its 12 valuation specialists, including CEO Jean-François Drouets and MD Nicolas Brosseaud, under the Newmark brand. 
This move enhances Newmark's fast-growing global Valuation & Advisory services, a sector that has seen a 26.3% revenue increase this year.
John D. Busi MAI, FRICS, president, Valuation & Advisory, stated: "This acquisition represents another step in Newmark's ongoing strategy to expand our Valuation & Advisory capabilities across EMEA. Catella Valuation Advisory is widely regarded for its technical rigour, local expertise and client trust – values that align seamlessly with Newmark's."
Alexandre Gotti, president of Newmark in France, commented: "We are extremely pleased and proud of this acquisition, which marks an important milestone in Newmark's development in France. Adding the Catella Valuation Advisory team was an obvious choice given its outstanding reputation in the market."
Jean-François Drouets, president of Newmark Catella Valuation, added: "Joining Newmark is a unique opportunity to broaden our scope of action and henceforth operate on a global and European scale. We are grateful for the journey that brought us here and proud to join a platform that shares our commitment to excellence, innovation and integrity in client service."