Newmark Group has recruited six construction experts to form a retail, hospitality and leisure project and cost management practice in the UK, CoStar News can reveal.
The global brokerage giant, which has been rapidly expanding in the UK and Europe in recent years, said Vinnie Kilner, Parin Patel, Alfie Molloy, Ine Roren, Nathan Archer and Alfie Tierney would form the practice. It added that the "sustainability conscious, commercially-minded construction experts" would support clients in the UK and Europe, providing specialist project, programme and cost management expertise across their retail, hospitality and leisure portfolios.
Led by Kilner, the hires bring more than 80 years of combined experience managing projects and portfolios from site selection and feasibility to design and construction. They will work closely with corresponding departments across building consultancy, occupier agency, business rates and capital Markets. Newmark said that would allow the world’s "most successful brands to thrive at every stage of their real estate, backed by Newmark’s extensive and comprehensive knowledge and advisory of the international market".
Simon Prichard, senior partner, Newmark, said in a statement: "The addition of these hires reinforces Newmark's commitment to bringing the best talent and services to its clients. With their proven track record of delivering transformative projects for global brands, this practice further strengthens Newmark’s comprehensive service offering and enhances its ability to support clients in the retail, hospitality and leisure sectors across the UK and Europe.”
Newmark said Kilner brings 17 years’ specialist experience in major projects, advising international brands and occupiers on project delivery strategies, ranging from multiple store rollouts to flagship projects.
Patel joins as senior associate. He provides programme management and project delivery expertise, having worked with retailers on large scale international expansions and being responsible for the construction of hundreds of stores.
Molloy, also a senior associate, has an experienced background in project and cost management. He will focus on leisure clients.
Roren, an associate, will lead multi-territory programmes for high profile brands, having worked on both the client and consultancy side of international store and showroom expansions.
Archer joins as senior cost manager. His experience spans luxury retail, food and beverage, leisure and retail offices acquired from both main contractor and consultancy where he has worked with prominent clients in UK and Europe.
Alfie Tierney, senior project manager, joins with a track record in the construction of retail, high-end residential and hotel projects.
Kilner said: “These project delivery specialists are aligned with Newmark’s ambitions to be the very best real estate adviser, which is evident from their track record delivering projects for many of the world’s best-known brands. It’s an exciting time to be part of Newmark, and they are perfectly placed amongst Newmark’s industry leading experts.”
Newmark Group, the global commercial real estate adviser, said its London-based real estate advisory firms BH2 and Gerald Eve now operate as Newmark in January.
CoStar News revealed in December that Newmark would announce that all of its companies in the UK would be known as Newmark in January. The Nasdaq-listed company had been the largest US brokerage firm without an independent operation in the UK until 2019. But New York-based Newmark has been on a major acquisitions drive since ending its 15-year alliance with Knight Frank in 2020.