Expanding its retail real estate services internationally, Newmark Group has acquired London-based sector specialist Harper Dennis Hobbs Holdings Limited (HDH). The acquisition of HDH adds a strong presence in London for Newmark, which leased over 1.1 million square feet of retail space in 2019. It now plans to expand its capabilities to serve European tenants seeking access to the North American consumer.
“With every acquisition, we look to refine our key service offerings and areas of expertise to meet the diverse and fast-changing needs of our clients who increasingly seek to evolve on a global stage,” said Barry Gosin, Newmark’s CEO. “Acquiring Harper Dennis Hobbs is an essential strategic investment for Newmark as we begin to scale our domestic retail practice to offer a world-wide level of enterprise resources.”
Founded in 1993, HDH has experienced consistent organic growth and has become a go-to advisor on tenant-focused real estate advisory services for clients including Belstaff, Five Guys Burgers & Fries, J. Crew, Louis Vuitton, Samsung, Skechers, Tiffany & Co. and West Elm. Newmark Group and HDH share many client synergies with companies such as Canada Goose, Carolina Herrera, Dylan’s Candy Bar, Columbia, Michael Kors, Peloton, PF Chang’s, Swarovski and Watches of Switzerland.
“For more than a decade of client solutioning and collaborative referrals, we have built long-standing relationships with Newmark and its brokers,” added HDH CEO James Ebel. “Newmark’s investment in this dynamic industry provides our business with access to a deeper and diverse network of retail expertise across borders.”
