Newmark Announces Expansion into India; Sathish Rajendren Hired to Lead Growth in Regional Property and Facilities Management

Rhea-AI Summary

Newmark (Nasdaq: NMRK) announced expansion of its Property and Facilities Management businesses into India and appointed Sathish Rajendren as Executive Managing Director to lead India and APAC operations, based in Bangalore on Oct 27, 2025. The move aims to deliver consistent, end-to-end management services for owners and occupiers and to scale recurring Management Services globally.

The release cites India office absorption of ~60 million sq ft through the first nine months of 2025 and notes Newmark's combined 2024 recurring Management Services and Servicing revenues of ~USD 1.1 billion (USD 833M Management Services; USD 274M Servicing & Other).

Positive

• Entered India market with dedicated leadership and Bangalore hub
• Appointed Sathish Rajendren with 22+ years and large-scale portfolio experience
• Recurring revenue base ~USD 1.1B in 2024 (USD 833M Management Services)
• Cites ~60M sq ft office absorption in India YTD through Sep 2025

Negative

• None.

Insights

Global Real Estate Strategy Analyst

Newmark's India expansion and senior hire extend its recurring management services reach and leverage a sizable local market.

Newmark expands its Property and Facilities Management footprint into India by hiring Sathish Rajendren to lead India and APAC operations from Bangalore, aiming to deliver consistent management solutions across the region. The release notes Newmark unified property and facilities lines and cites recurring Management Services and Servicing revenues of $1.1 billion in 2024, including $833 million from Management Services and $274 million from Servicing Fees and Other Revenues.

The business case rests on local market scale: office absorption reached about 60 million square feet through the first nine months of 2025, driven by technology, financial services and global capability centers, and the company expects closer collaboration with multinational occupiers and investors across APAC. Key dependencies and risks include successful local execution of the unified service model, retention of critical client relationships, and converting market demand into recurring fee streams at scale. Monitor near-term items: hiring and operational setup in India, client wins and portfolio square‑footage under management, and quarterly disclosures that quantify India contribution to Management Services within the next 12–18 months.

NEW YORK and BANGALORE, India, Oct. 27, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has expanded its Property and Facilities Management businesses into India, hiring Sathish Rajendren, FRICS, SLCR, MCR, as Executive Managing Director to head the operations across India and APAC. Based in Bangalore, Rajendren will be responsible for ensuring consistent, best-in-class Property and Facilities Management solutions for owners and occupiers in the region.

"Newmark continues to evolve to meet clients' needs across every region and stage of the asset lifecycle," said Luis Alvarado, Chief Operating Officer. "Our growth in India exemplifies our continued delivery of holistic, end-to-end solutions that create long-term value for investors and occupiers alike, while advancing our strategy to grow recurring Management Services and Servicing revenue globally."

Richard Holden, President of Property and Facilities Management, added, "This marks a very meaningful step in the continued expansion of Newmark's Property and Facilities Management business. India's scale, growth trajectory and sophistication make it an essential market in our global strategy, and we are committed to being a frontrunner in these markets. Sathish's extensive experience and vision across global and APAC markets reinforces our mission to deliver best-in-class management services."

A seasoned leader with over 22 years of experience, Rajendren brings an impressive track record of transforming organizations and driving growth across diverse sectors, including occupiers, developers, investors and government entities. In his prior role at Knight Frank, where he served as Senior Executive Director, he was instrumental in scaling operations tenfold and elevating the firm's market position, overseeing a portfolio exceeding 350 million square feet across India. Earlier in his career, he managed an additional 140 million square feet while leading property services at Cushman & Wakefield.

A distinguished alumnus of the Institut Européen d'Administration des Affaires (INSEAD) and the Indian Institute of Management Bangalore, Rajendren is recognized as a thought leader in property and facilities management. He was recently inducted into the 2025 CoreNet Global Distinguished Leaders Circle, a prestigious honor that will be celebrated at the upcoming CoreNet Global Summit in Anaheim, California.

"India represents one of the fastest-growing commercial real estate markets in the world, fueled by urbanization, foreign investment and an expanding corporate occupier base," said Rajendren. "Newmark's global resources, advanced technology and client-first approach position us to redefine the management landscape in India. We see tremendous opportunity to deliver greater efficiency, sustainability and value for clients as the market continues to evolve."

According to government data and industry estimates, office absorption approached 60 million square feet through the first nine months of 2025, driven by technology, financial services and global capability centers¹. The country's ongoing infrastructure build-out, coupled with increasing demand for institutional-grade management services, creates a strong foundation for Newmark's entry. Establishing a property management hub in India will also enable closer collaboration with multinational occupiers and investors active across APAC and globally.

Newmark has recently unified its Property Management and Facilities Management service lines to deliver enhanced end-to-end solutions for owners and occupiers globally. As part of its Management Services businesses, Property Management and Facilities Management form a core vertical within Newmark's global operations. These recurring businesses generated approximately USD 1.1 billion in total revenues, including USD 833 million from Management Services and USD 274 million from Servicing Fees and Other Revenues² in 2024.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹ Ministry of Housing & Urban Affairs, Government of India; Economic Survey 2025; Union Budget 2025–26; World Bank Urbanization Data (2024).
²Newmark Group, Inc. Form 10-K for the year ended December 31, 2024, and Second Quarter 2025 Earnings Release, filed with the U.S. Securities and Exchange Commission (available at nmrk.com/investor-relations).

 

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SOURCE Newmark Group, Inc.

FAQ

What did Newmark (NMRK) announce on October 27, 2025 regarding India?

Newmark announced expansion of its Property and Facilities Management business into India and hired Sathish Rajendren to lead India and APAC operations.

How large were Newmark's Management Services and Servicing revenues in 2024 (NMRK)?

Newmark reported recurring Management Services and Servicing revenues of approximately USD 1.1 billion in 2024, including USD 833M from Management Services.

What market data did Newmark cite to support its India expansion (NMRK)?

The announcement cites government and industry estimates showing about 60 million sq ft of office absorption in India through the first nine months of 2025.

Where will Newmark's India operations be based and who will lead them (NMRK)?

Operations will be based in Bangalore, led by Sathish Rajendren as Executive Managing Director for India and APAC.

What strategic benefit did Newmark highlight for opening a hub in India (NMRK)?

Newmark said an India hub enables closer collaboration with multinational occupiers and investors across APAC and globally and supports growth of recurring management revenue.