Fintech PR
Newmark Expands Germany Presence, Naming Top Industry Leader Marcus Lütgering as Country Head to Drive Growth and Strategy
NEW YORK and MUNICH, Oct. 7, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers announces that Germany’s distinguished industry leader Marcus Lütgering has joined to lead its efforts in building out the firm’s German business, continuing its global strategy to hire top-tier professionals across nearly all industry verticals, asset classes and key geographies.
“Germany stands as a premier global financial and industrial center, home to 50 Forbes Global 2000 20241 companies, including major banks and other financial institutions, leading manufacturers and technology companies, as well as the European Central Bank. Under Marcus’ leadership, our new German flagship offers tremendous opportunities for networking, partnerships and business expansion as we aim to capitalize on the country’s economic strength and investment opportunities,” said Barry Gosin, Chief Executive Officer. “We expect to be in nearly all major cities in Germany and expand the success of our global platform across the country, emulating our leading occupier and investor advisory capabilities.”
Lütgering, based in Munich, will oversee Newmark’s brokerage operations in Germany, including recruiting, strategic direction, business development and client service. Lütgering joins Newmark after building a renowned reputation, having led JLL’s German office investment operations as head of the Munich office. He was a leading voice on the EMEA Office Board and also a member of the firm’s Strategy Board for Germany. Lütgering previously worked at HIH GmbH and as an advisor for a prominent family in Munich with a strong presence in the U.S. Over the course of his career, Lütgering has worked on some of Germany’s most prominent sales, completing more than 450 transactions totaling €36.8B in value.
“We are thrilled to welcome Marcus to lead our strategic expansion into Germany, which marks a significant milestone in our global collaboration across Investment Sales, Debt & Structured Finance, Occupier Services and other key areas,” said Michael Lehrman, Newmark’s President of the United Kingdom. “This expansion offers a unique opportunity for our UK and France teams to strengthen and expand client relationships in Germany, synergizing our top talent across Europe and North America to enhance our service offerings and solidify our position in the marketplace.”
Newmark is the fastest-growing commercial real estate services company since 20112. Ranking as the third-largest firm in U.S. investment sales by MSCI and the second-largest firm in U.S. debt origination by Commercial Property Executive for 2023, the Company has nearly quadrupled its debt origination market share and more than doubled its investment sales market share since 20153.
Having been active in key EMEA (including UK), cities for some time, Newmark has a growing presence in Germany and throughout Europe at large, establishing a regional headcount of approximately 1,000 professionals in less than three years and generating approximately $300 million in annual revenues from its EMEA operations over the twelve months ended June 30, 2024. 13.4% of Newmark’s revenue over the same period was generated by the Company’s non-U.S. businesses, up from less than 5% in 2021, largely driven by brokerage, sales and leasing advisory acquisitions and strategic hires throughout the UK. Most recently, the Company established its Paris, France flagship office. Since its March opening, the French team has welcomed 35 industry-leading commercial real estate professionals and expects to continue growing. Newmark’s formal entrance into Munich builds off the firm’s existing business activities, which include transactions and consulting advisory in major cities including Berlin, Düsseldorf, Essen, Frankfurt am Main, Herzogenaurach, Köln, Munich and Münster.
“Newmark’s commitment to providing client-first service and hiring and developing the industry’s best talent is second to none,” said Lütgering. “I am incredibly honored to lead Newmark’s expansion in Germany. This opportunity represents a significant milestone, for Newmark and also personally. I look forward to leveraging my experience in the industry to drive growth, innovation and exceptional client service in one of Europe’s most dynamic markets while contributing to Newmark’s global success.”
“Our commitment is to offer a platform that attracts, enables and empowers our professionals to excel, while steadfastly pursuing our mission to unite the most talented and innovative individuals across the globe,” added Gosin.
As Europe’s largest economy, offering stability and resilience to economic fluctuations, the German market plays a critical role in the broader European commercial real estate environment. A major industrial and logistics hub with cities like Frankfurt and Berlin driving demand for office, corporate and tech spaces, Germany attracts significant international investment and was the second-largest market for commercial real estate transactions in Europe (after the UK) for the six months ended June 30, 2024 and calendar years 2023 and 2022, and was the largest in 20214. Germany’s leadership in sustainability and green building practices further enhances its appeal, making the market a key focus for long-term real estate growth and development.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
1 Forbes The Global 2000 2024 published June 6, 2024 link.
2 Newmark’s 2011 revenues are based on unaudited full year 2011 revenues for Newmark & Company Real Estate, Inc. The peers included in the 2011- 2023 average are U.S. tickers CBRE, CIGI, JLL, MMI, and WD, (in USD) and U.K. ticker symbol SVS (in GBP). In addition, U.S. ticker CWK did not report revenues for periods before 2015 and is therefore excluded.
3 Investment sales market share is calculated by dividing Newmark’s U.S. volumes by MSCI U.S. investment sales volumes for the relevant dates. Debt origination market share includes Newmark’s non-originated mortgage brokerage volume plus GSE/FHA origination volumes. Newmark’s debt market share are those volumes divided by the Mortgage Banker’s Association commercial/multifamily mortgage origination volumes. The time frame for this U.S. market share data compares 2015 with the trailing twelve months ended July 30, 2024. Market share data is applicable to the U.S. only
4 According to MSCI Real Assets (formerly known Real Capital Analytics, or “RCA”)
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View original content:https://www.prnewswire.co.uk/news-releases/newmark-expands-germany-presence-naming-top-industry-leader-marcus-lutgering-as-country-head-to-drive-growth-and-strategy-302267878.html
BEIJING, Nov. 22, 2024 /PRNewswire/ — A report from China Daily
The 2024 World Vocational and Technical Education Development Conference brought together around 1,000 delegates in Tianjin in North China this week from Wednesday to Friday. Discussions at the conference have revolved around topics such as industry-education integration, sustainable development, teacher training and lifelong learning.
Co-hosted by China’s Ministry of Education, the National Commission of the People’s Republic of China for UNESCO and the Tianjin municipal government, the conference aims to advance vocational education as a driver of innovation and sustainable development worldwide.
The event introduces six key initiatives to shape vocational education globally: a comprehensive conference featuring keynote speeches, ministerial roundtables and bilateral talks; a global alliance uniting vocational institutions, industries and educational organizations; the presentation of the world vocational education award; an international skills competition with 42 tracks; an exhibition highlighting achievements in vocational education, intangible cultural heritage and international cooperation; and the launch of World Vocational and Technical Education, a journal produced by Tianjin University of Technology and Education.
In a video address to the conference, Stefania Giannini, assistant director-general for education at UNESCO, highlighted vocational education as a catalyst for transformation. She referenced UNESCO’s recent Recommendation on Education for Peace, Human Rights, and Sustainable Development, which emphasizes vocational education as a driver of change.
Calling for greater investment and innovation in vocational education to meet global challenges, Giannini said skills are the passport to navigating today’s complex world.
Huai Jinpeng, China’s minister of education, said vocational education should align with the trends of the times, uphold the essence of education and preserve its unique characteristics. It should anchor its development goals amid evolving opportunities and challenges, striving for innovative breakthroughs, he added.
Huai outlined a vision for vocational education as “5I” education — Inclusive, Industry-oriented, Innovative, Intelligent, and International — positioned to serve all, integrate with industries, drive innovation, embrace smart technologies and foster global cooperation.
To ensure smooth volunteer services during the conference, the Tianjin Municipal Youth League recruited 1,448 young volunteers from nine universities, including Nankai University. Their duties spanned more than 30 roles, including guest registration, conference coordination, translation, media reception and medical assistance.
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View original content:https://www.prnewswire.co.uk/news-releases/global-focus-on-vocational-education-at-tianjin-conference-302314016.html
Fintech PR
CKGSB Publishes 2024 ESG and Social Innovation Report Showcasing Progress on Driving Responsible Management Education
BEIJING, Nov. 22, 2024 /PRNewswire/ — On November 21, 2024, Cheung Kong Graduate School of Business (CKGSB) released its 2024 ESG and Social Innovation Report at its event “ESG Strategies Conference: Insights for Business Transition” hosted in Shanghai in collaboration with the European Chamber of Commerce in China, witnessed by nearly 100 ESG-minded multinational business executives.
As the second edition of the school’s English-language ESG report, this report outlines CKGSB’s achievements and progress in the past two years in promoting sustainable business practices, fostering social innovation, and offering solutions to humanity’s common challenges as part of its broader mission to lead and drive responsible business education.
It emphasizes the school’s role in reshaping the future of management education through efforts in integrating ESG factors into its research and insights, programs and courses for decision-makers, strategic partnerships and dialogues, as well as institutional practices, which in return allows it to nurture responsible business leaders for society.
“Our approach to management education is rooted in the belief that businesses can and should be a force for good,” stated Li Haitao, Dean and Dean’s Distinguished Chair Professor of Finance of CKGSB. “CKGSB remains steadfast in its mission to developing leaders who are not only successful in their business endeavors, but also mindful of their responsibilities towards society and the environment.” CKGSB Professor of Marketing Zhu Rui, who drives the school’s efforts in teaching business for good, echoed Dean Li in saying, “Our goal is to empower companies, big or small, to seamlessly integrate ESG considerations into their core strategies and operations.”
The 2024 ESG and Social Innovation Report follows the seven principles of and has been submitted to the United Nations’ Principles for Responsible Management Education (PRME), a platform designed to promote responsible management practices for the benefit of society and our planet. It is now available for download on CKGSB’s website.
Looking forward, CKGSB will continue driving progress on responsible management education and contribute to a more sustainable and equitable future.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion. To learn more about CKGSB, please visit: https://english.ckgsb.edu.cn/
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-publishes-2024-esg-and-social-innovation-report-showcasing-progress-on-driving-responsible-management-education-302314000.html
Fintech PR
Inaugural International MICE Summit (IMS) Convenes to Drive Business Events Sector’s Future in Saudi Arabia, Fastest-Growing G20 MICE Market
- Over 1,000 global cross-industry and government leaders expected to attend three-day interactive program in one of the world’s fastest growing Meetings, Conferences, Incentives and Exhibitions (MICE) destinations.
- Saudi MICE market projected to expand exponentially with hallmark events such as World Expo 2030, expected to attract 40.7 million visits to KSA alone.
- Growing demand to be accommodated by the launch of a new airline and airport expansion, 1 million square meters of expected venue space and 854,000 hotel rooms by 2030.
RIYADH, Saudi Arabia, Nov. 22, 2024 /PRNewswire/ — The inaugural International MICE Summit (IMS24) will bring together over 1,000 global leaders from the Meetings, Incentives, Conferences and Exhibitions (MICE) industry between 15-17 December at Mohammed Bin Salman Nonprofit City (MISK) in Riyadh, hosted by the Saudi Conventions & Exhibitions General Authority (SCEGA).
The three-day event promises to be the premier global leadership event for the MICE industry, offering innovation, economic and commercial opportunities for MICE and related tourism and travel sectors under the theme of “Expanding Horizons.” The event’s extensive programme is designed to unite MICE industry leaders, suppliers, associations, Giga-Project leaders, disruptors and international cross-industry and government leaders. Featuring plenary, panel discussions, innovation clusters, collaboration hubs, IMS24 will promise attendees a premier global platform to network, collaborate – and above all – reimagine what it means to convene in today’s global environment.
“In a time marked by profound technological and environmental transformation, the MICE industry has emerged as an essential catalyst of change. By focusing on the future of the industry, IMS24 addresses the needs of a globalized world – reshaping how people, cultures and countries connect to create prosperity” said IMS host and Chairman of SCEGA, His Excellency Fahd Al-Rasheed.
“Saudi Arabia is the perfect environment to host IMS24. As an internal and external agent of change, the Kingdom has embraced its own transformation by shaping the future of the global tourism industry and becoming the fastest growing major MICE destination among G20 countries,” His Excellency added.
MICE events in Saudi Arabia witnessed an increase of close to 15 percent in 2023, with almost 17,000 events attracting over 20 million visitors. IMS24 coincides with the Kingdom’s continued transformation as Saudi Arabia solidifies itself as a major global tourism and events destination. Welcoming almost 110 million visitors in 2023, tourism comprises six percent of Saudi Arabia’s GDP, equating to 255 billion SAR (US$68 billion). The Saudi MICE sector is expected to accelerate growth through the rapid expansion of transportation and event infrastructure, supported by the development of Giga-projects offering unparalleled destination experiences, and enhanced connectivity between the Kingdom and the rest of the world. SCEGA continues to drive these transformative developments, most recently in announcing a 588 million SAR (US$156 million) incentive program to support marquee events in 2025.
About the International MICE Summit
The International MICE Summit (IMS) gathers global leaders from the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, as well as professionals, and organizations from across industries. It provides a platform for industry insights, networking, and discussions on advancing innovation, knowledge sharing and sustainable development within the global MICE sector.
For more information or to register for the event, visit:
Website – www.internationalmicesummit.com
Twitter/X – https://x.com/ims_summit
LinkedIn – https://www.linkedin.com/company/ims-summit/
YouTube – https://youtube.com/@ims.summit?si=G06nYTaOUWer-OKq
About the Saudi Conferences and Exhibitions General Authority (SCEGA)
The Saudi Conventions & Exhibitions General Authority (SCEGA) is the official body overseeing the development and regulation of Saudi Arabia’s exhibitions and conventions sector. Established by Royal Decree in 2018, SCEGA aims to strengthen the sector’s economic impact by setting strategic policies, issuing licenses, promoting Saudi Arabia as a premier MICE destination, and fostering investment in line with global standards. Through collaboration with national and international stakeholders, SCEGA works to enhance sector growth, support talent development, and create opportunities for showcasing the Kingdom’s unique identity on the world stage.
Contact: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/inaugural-international-mice-summit-ims-convenes-to-drive-business-events-sectors-future-in-saudi-arabia-fastest-growing-g20-mice-market-302313160.html
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