Newmark Expands Italy Presence With Naming of Luca de Ambrosis as Executive Managing Director

February 20, 2026 10:00 AM

Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has opened a flagship Italy office in Milan, naming distinguished industry leader Luca de Ambrosis Ortigara as Executive Managing Director. Joining de Ambrosis is Silvio Sancilio, Managing Director for Italy. Together, the two bring deep market knowledge, longstanding client relationships and a track record advising both domestic and international investors across Italy’s major markets.

“As Italy is anchored by global capital flows, strong domestic institutions and growing demand from multinational occupiers, the country remains one of Europe’s most important real estate, industrial and logistics markets,” said Barry Gosin, Chief Executive Officer. “This marks an important milestone in Newmark’s long-term strategy to build a fully integrated European advisory business.”

Newmark’s Italian business will be initially focused on Capital Markets, Agency Leasing and Logistics, three of the fastest-growing segments of Italy’s commercial real estate market. This formal expansion builds on Newmark’s existing transaction and advisory activity across Italy, including Rome and Naples.

“This milestone reflects years of advisory activity, cross-border collaboration and client execution across Europe,” said Michael Lehrman, President, United Kingdom and Europe. “We look forward to creating new opportunities to connect our UK, France, Germany and broader EMEA business with one of the continent’s most attractive and liquid real estate markets while deepening our relationships with clients by working with them where they want to be.”

De Ambrosis brings extensive experience advising global institutional capital, developers and occupiers across Italy, with a career spanning capital markets, leasing and strategic advisory. Prior to joining Newmark, he served as a Partner at Cushman & Wakefield and held senior leadership roles at Pirelli Real Estate, where he strengthened his expertise in corporate structuring, capital allocation and growth strategy.

He later served as Partner and Managing Director at McArthurGlen and supported the entry of Apollo Global Management into Italy as a local strategic partner. Notably, de Ambrosis played a key role in the acquisition of the ENPAM portfolio, consisting of 67 assets valued at approximately €900 million, one of Italy’s most significant real estate transactions in the last two decades.

“I am honored to advance Newmark’s expansion in Italy at such a pivotal moment for the market,” said de Ambrosis. “The company offers a truly differentiated global advisory business, combining deep local expertise with unmatched international connectivity.”

Newmark is the fastest-growing commercial real estate services company since 2011^[1]. The Company led in U.S. office sales from 2023 through 2025 according to Real Estate Alert and was ranked by Commercial Property Executive as the largest firm in U.S. debt origination for 2025. Newmark has increased its debt origination market share more than six times and its investment sales market share more than three times since 2015.^[2]

Building on momentum, the company has rapidly scaled its European operations, establishing a regional headcount of more than 1,200 professionals in less than three years. Just over 13% of Newmark’s revenue over the same period was generated by non-U.S. operations, up from less than 5% in 2021, and well ahead of the Company’s goal to exceed 10% revenue from outside the U.S. by 2025. The rapid growth in revenues has been driven by strategic acquisitions and expansion into key markets such as Germany, France, Dubai and South Korea.

^[1]Newmark’s 2011 revenues are based on unaudited full year 2011 revenues for Newmark & Company Real Estate, Inc. The peers included in the 2011- 2024 average are U.S. tickers CBRE, CIGI, JLL, MMI, and WD, (in USD) and U.K. ticker symbol SVS (in GBP). In addition, U.S. ticker CWK did not report revenues for periods before 2015 and is therefore excluded.

^[2]Investment sales market share is calculated by dividing Newmark’s U.S. volumes by MSCI U.S. investment sales volumes for the relevant dates. Debt origination market share includes Newmark’s non-originated mortgage brokerage volume plus GSE/FHA origination volumes. Newmark’s debt market share are those volumes divided by the Mortgage Banker’s Association commercial/multifamily mortgage origination volumes. The time frame for this U.S. market share data compares 2015 with the trailing twelve months ended September 30, 2025. Market share data is applicable to the U.S. only

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 September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 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.