UK/USA.Newmark Group has rebranded its London-based strategic retail property consultancy Harper Dennis Hobbs (HDH), which has extensive travel retail interests, to Newmark.
The consultancy will adopt the legal entity name of Newmark HDH Limited “to seamlessly represent the Newmark Group’s global retail practice and further elevate client service”, according to its owner.
HDH is an advisor of tenant-focused retail brokerages in Europe, providing real estate advisory services for an extensive collection of both luxury and high street retailers in the UK and internationally.
Newmark Group acquired the consultancy in 2019, and noted that HDH has experienced consistent organic growth since its founding.
HDH has a strong foothold in the leisure sector with particular strengths in travel retail commercial strategy, securing international airport, airline and cruise ship stores for some of the world’s most recognised brands. Some of the brands it works with on travel retail strategy include Anatomie, Tangle Teezer and Speedo.
Additionally, the business’ annual Vitality Ranking report, determining the health of high streets and shopping centres in the UK, is a well-known resource for informing investor decisions on large-scale trends.
Newmark Vice Chairman – Head of UK and European Retail Markets James Ebel said: “Since being acquired by Newmark, our team has strengthened client service. We have continued to deliver for world-leading retail and leisure operators, infused our office division business, and being a part of Newmark has expanded our offerings with a greater network around the globe – especially in North America.”
He added: “The combined strength of HDH’s proven track record of working with world-renowned retailers across the UK and European retail real estate markets and Newmark’s industry reputation in the USA gives us the ability to leverage world-class advice for our client base and utilise the wider platform to further our service to our clients.
“We are looking forward to operating under the Newmark name, and all the benefits it brings to our clients and our team.”
Newmark Group generated revenues of approximately US$3.1 billion for the twelve months ending 30 September 2022. Together with its business partners, the company operates from approximately 180 offices with nearly 6,700 professionals around the world.
