US's Newmark Buys French Flexible Workspace Group Deskeo

US real estate adviser Newmark has followed its acquisition of global flexible workspace group Knotel with the purchase of Paris-based office operator Deskeo.


It adds 50 flexible workspace locations with additional services capacity in Europe.


In a statement on the acquisition, Newmark, which ended a global partnership with Knight Frank last year, said it formed part of a broader strategy to offer a "diverse suite of commercial real estate services throughout Europe and key regions throughout the world".


It has bought a majority stake in the start-up Space Management, Deskeo's parent company. Newmark said it is a dominant brand in its markets and its portfolio will now "leverage" Newmark’s Global Corporate Services group, which provides a suite of workplace services to companies worldwide.


Recently it bought the assets of Knotel, a flexible office platform with locations throughout the US, the UK and Europe.


“Our acquisition of Deskeo, combined with the existing Knotel portfolio, is a testament to Newmark’s long-term bullishness on the future of flexible office and our commitment to providing a diverse range of client services on a global scale,” said Newmark chief executive Barry Gosin in a statement. “Particularly as companies contemplate their headquarters, satellite and remote office strategies, our ability to provide a full spectrum of solutions via a single platform, from strategy to workplace design to workforce enablement, is invaluable.”


In 2021, Newmark's GCS has added over a dozen senior staff, including chief executive Richard Bertasi in New York and chief operating officer Mike Runicles in Singapore.


Deskeo was founded in 2016 by Benjamin Teboul and Frank Zorn who will continue to lead Deskeo with Newmark.


CoStar (Paul Norman) -

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