Newmark buys German property valuer Einwert to expand advisory arm

What's the deal? NewmarkDealroom has a profile for this one. Try Dealroom → Group has acquired EinwertDealroom has a profile for this one. Try Dealroom →, a German property valuation firm, folding its 30-person team into the US group's Valuation & Advisory business.

What does Einwert do? The German adviser and service provider specialises in optimising valuation workflows and value analysis for real estate.

What's the endgame? The deal deepens Newmark's presence in Germany, where the international real estate advisory firm has been building out local teams, including expanding its Living Capital Markets units in Frankfurt and Berlin and naming Maximilian Brauwers to head Capital Markets in North Rhine-Westphalia.

The signal: Adding a specialist valuer signals continued expansion by Newmark in one of Europe's largest property markets, betting that demand for real estate valuation and advisory services will keep growing.

Read more: Immobilien Zeitung

Image credit: D-Stanley