Newmark Hires Gonzalo Ladrón de Guevara From Savills to Lead Spain Capital Markets Push

Newmark has hired Gonzalo Ladrón de Guevara, the head of capital markets at Savills Spain, to lead the firm's push into the Spanish commercial real estate market.

Ladrón de Guevara brings 15 years of experience in Spanish real estate to the role. He had served as head of capital markets at Savills Spain since 2019 and was a member of the firm's management committee. His appointment gives Newmark a locally established senior executive with relationships across Spanish investors, lenders, developers and international capital sources.

Expanding European Footprint

The hire is part of a broader European expansion strategy for Newmark. The firm's platform has grown to approximately 1,200 employees in Europe roughly three years after launch, with operations underway in Spain, Italy, Germany, the United Kingdom and France. Recent moves include the opening of a Milan office and senior appointments in Germany and France.

Newmark's 2026 revenue guidance stands at $3.7 billion to $3.8 billion, with adjusted EBITDA projected at $635 million to $675 million. Management has attributed growth expectations to international expansion, capital-markets market-share gains and demand tied to artificial intelligence.

Spain's Investment Market Rebounds

Newmark is entering Spain as transaction activity accelerates sharply. Spanish real estate investment reached €6.3 billion in the first quarter of 2026, up 93% year over year and more than twice the ten-year quarterly average. Office investment exceeded €800 million in the first quarter alone, representing roughly 14% of total investment.

In the second quarter, retail and offices each generated approximately €1.6 billion of investment, while industrial and logistics reached €695 million. Logistics investment totaled approximately €690 million in the first half of 2026, up 24% from the same period in 2025.

Prime office yields in Madrid stood at approximately 4.50% in the first quarter, while Barcelona prime yields were approximately 4.65%. Central business district availability in both cities was reported below 4%, with rental growth concentrated in higher-quality buildings. Prime yields across sectors remained notably stable in the second quarter, a signal that pricing has moved from a period of adjustment toward stabilization.

Competitive Landscape

Newmark enters a market where established international and domestic advisers — including CBRE, JLL, Savills, Cushman & Wakefield and BNP Paribas Real Estate — already operate. Ladrón de Guevara's departure from Savills simultaneously strengthens Newmark and removes a senior capital-markets figure from one of its direct competitors.

The firm is positioned to compete for cross-border office and logistics transactions, large portfolio and platform sales, capital-raising and recapitalization mandates, and advisory assignments involving U.S. and other international investors targeting Madrid and Barcelona assets.

Market Conditions Favor the Timing

Spain's logistics sector continues to attract capital, supported by solid occupational demand, rental growth and limited availability in the country's main distribution hubs. The office recovery is concentrated in prime, well-located assets rather than the broader market, a dynamic that favors a capital-markets advisory model centered on high-quality sales, recapitalizations and repositioning.

Newmark's entry comes as transaction liquidity is improving rather than during a distressed-market trough, allowing the firm to establish a senior local presence before competition for mandates intensifies further.

Sources

Newmark / Green Street News — "Newmark hires Savills' head of capital markets to lead Spanish push," Sept. 22, 2026