Newmark Secures £153 Million Financing for UK Logistics Portfolio on Behalf of Brookfield and Copley Point Capital

Rhea-AI Summary

Newmark Group (NMRK) has successfully arranged a £153 million loan refinancing for a portfolio of four prime UK logistics assets. The financing was secured on behalf of Brookfield, which manages over $1 trillion in assets, and Copley Point Capital.

The 1.6 million square foot portfolio, strategically assembled during market dislocations in 2023, comprises institutional-spec warehouses across the North West, East Midlands and London regions. The properties feature long-term leases with a diverse tenant base. The funding was provided by Blackstone Real Estate Debt Strategies.

Positive

• Secured substantial £153 million refinancing deal
• Portfolio includes 1.6 million square feet of prime logistics assets
• Properties feature long-term leases with diverse tenant base
• Strategic acquisition during market dislocation suggests favorable purchase terms

Negative

• None.

LONDON, April 24, 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 that the firm has arranged a £153 million loan to refinance a portfolio of four prime UK logistics assets on behalf of Brookfield, a leading global alternative asset manager with over $1 trillion of assets under management, and Copley Point Capital, a leading asset manager and principal investor. Matthew Featherstone, Head of UK & European Debt & Structured Finance, Managing Director Steve Williamson and Vice President Matthew Kang arranged the financing. Blackstone Real Estate Debt Strategies provided the funding.

Brookfield and Copley Point Capital strategically assembled the 1.6 million square foot portfolio during the dislocated capital market conditions in 2023. Located across the North West, East Midlands and London regions, the portfolio consists of four institutional-spec, highly reversionary warehouses on long-term leases to a diversified roster of entrenched tenants.

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 December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 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.

 

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SOURCE Newmark Group, Inc.

FAQ

What is the value of the UK logistics portfolio financing secured by Newmark (NMRK)?

Newmark secured £153 million in financing for a portfolio of four prime UK logistics assets.

Where are the logistics assets in Newmark's (NMRK) UK portfolio located?

The portfolio assets are located across the North West, East Midlands and London regions of the UK.

What is the total square footage of the UK logistics portfolio refinanced by Newmark (NMRK)?

The portfolio consists of 1.6 million square feet of logistics space.

When did Brookfield and Copley Point Capital acquire the logistics portfolio that NMRK refinanced?

The portfolio was strategically assembled during dislocated capital market conditions in 2023.