US real estate giant Newmark has confirmed its long-awaited buyout of Tony Gibbon’s London office adviser BH2.
The New York-listed company will merge with the London firm to form Newmark BH2, which will specialise in capital markets transactions across central London. Gibbon and his partners, Dan Roberts, Sam Boreham and Rupert Williams, will all join the new company.
The two firms hope to combine BH2’s local knowledge with the infrastructure, tech and product offering that Newmark’s scale brings to the table, as well as expanding BH2’s cross-border services, tenant representation and debt placement.
Newmark CEO Barry Gosin said Gibbon’s name is “synonymous with London’s institutional real estate market”. He added: “The acquisition of BH2, whose top-tier experts boast an enviable reputation and stellar track record, puts Newmark at the forefront of capital markets and leasing in London.”
Gibbon added that Newmark was “intelligent, driven and straightforward” as a firm, adding that the two companies had “cultural compatibility”.
He said: “The formation of Newmark BH2 is a confluence of like-minded businesspeople and entrepreneurial spirit. Becoming a part of Newmark enables us to expand cross-border services, particularly tenant representation and debt placement.”
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