Newmark Group Inc. (Nasdaq: NMRK) acquired L+P Immobilienbewertungs GmbH, a German real estate valuation firm, expanding its Valuation & Advisory business further into Europe, according to a company announcement. Deal terms were not disclosed.
L+P, founded more than 25 years ago, has grown into one of Germany’s established full-service real estate valuation firms, with more than 40 professionals serving institutional clients including investors, banks, fund managers and public-sector clients across Europe. The firm is known for court-tested appraisals spanning commercial, residential and specialized real estate, built on deep local market knowledge.
“Joining Newmark allows us to combine that expertise with an international platform and complementary technology capabilities,” said L+P founder Dr. Helge Ludwig.
Fourth European valuation deal this year
The acquisition is Newmark’s fourth Valuation & Advisory deal in 2026, following the company’s purchases of Catella Valuation Advisory in France, Altus Group’s Canadian appraisals business, and einwert in Germany. John Busi, Newmark’s president of Valuation & Advisory, called the deal “another important step in the expansion of our Valuation and Advisory business across Europe.” Marcus Lütgering, Newmark’s country head for Germany, said the addition brings “a team trusted for more than a quarter of a century” to strengthen the firm’s institutional client capabilities.
L+P is Newmark’s second German valuation acquisition of the year, following its July 2 purchase of einwert GmbH, a much younger firm founded in 2022 with a 30-person team focused on valuation-management technology and portfolio analysis for real estate funds. Pairing L+P’s quarter-century of court-tested appraisal experience with einwert’s newer, technology-driven analytics platform gives Newmark two complementary approaches to the German valuation market — one built on decades of institutional trust, the other on faster, tech-enabled portfolio-level analysis — under a single ownership structure.
What it means
The steady cadence of valuation-firm acquisitions — four in a single year, spread across France, Canada and now two deals in Germany — shows Newmark treating institutional-grade valuation and advisory services as a scale business worth consolidating market by market, much as large accounting and appraisal networks have historically grown through regional roll-ups. The strategy comes as Newmark posted record second-quarter revenue of $888.4 million, up 17% year over year, with every major business line posting double-digit growth — giving the company both the balance sheet and the strategic rationale to keep adding smaller, established regional firms to its platform. Rival Cushman & Wakefield also posted an 11% revenue gain in the second quarter, with its own valuation and advisory segment up 10%, underscoring that institutional-quality valuation services are a growth priority across the large, publicly traded commercial real estate services firms right now, not just at Newmark.
