Deloitte takes next step in redefining delivery of real estate advisory services
Deloitte Real Estate to launch in January 2013
22 November 2012
Business advisory firm Deloitte has today announced plans to create a new market identity for its combined real estate advisory practice in the UK.
Deloitte Real Estate will launch on 21 January 2013 and marks the next step in developing a multidisciplinary practice that brings together a range of capabilities and a depth of insight that is unique in the market. All of Deloitte’s real estate specialists will be brought together under the new identity and at the same time the Drivers Jonas Deloitte brand will be withdrawn from the market.
Deloitte Real Estate will help clients make better informed decisions on the simplest assignments to the most complex. It brings together traditional property services with financial and business advisory expertise whilst benefiting from Deloitte’s broad industry knowledge and international reach. The practice will have more than 700 real estate specialists, who generated revenues of approximately £130m in the year to May 2012.
Deloitte Real Estate in the North East and Yorkshire will be overseen by partner Simon Bedford, one of Deloitte Real Estate's senior partners in the region with over 25 years’ experience. He will be working with managing director Richard Owen, currently managing partner of Drivers Jonas Deloitte.
David Sproul, chief executive of Deloitte, said: “This is an important step in the development of our real estate business and is testament to the success we have witnessed since the merger of Deloitte and Drivers Jonas. It is also a reflection of our relationships with clients, many of whom already refer to us as Deloitte Real Estate and who recognise the additional value we deliver through our unified approach. Finally, it emphasises the importance of international markets to British companies by bringing our market identity in line with our real estate practices globally.”
Simon Bedford, regional head of Deloitte Real Estate, said: “Complex and fast-changing markets mean clients increasingly need more than pure property advice. Our advisers identify and react quickly to shifting industry trends, regulatory or technology developments and changes in consumer behaviour, all of which impact investment decisions or the way businesses use their physical space. This is what Deloitte Real Estate offers and it is something no other organisation can match in the real estate market.
“There are already many examples of projects we are winning because of the unmatched services we are able to provide and we see a significant growth opportunity for our business across our towns, cities and regions by bringing these services together even more closely.
“The combined strength of Deloitte Real Estate in the region has already delivered a number of successful projects across the North East and Yorkshire, such as the development of a 20-year development plan for York’s economic and retail needs.”
Martin Jenkins, practice senior partner at Deloitte in Yorkshire and the North East, added: “These are precisely the opportunities that excited both Drivers Jonas and Deloitte and led to the merger in 2010. Tremendous progress has been made in the last three years to deliver our clients a truly differentiated service by bringing together the range of skills and knowledge from across Deloitte and applying them to real estate. Today’s announcement is another significant step in that direction.”
Notes to Editors:
About Deloitte Real Estate
Deloitte Real Estate redefines the concept of a full-service real estate business, offering a breadth of capability and an innovative approach unequalled in the market.
Our team combines traditional property services with financial and business advisory expertise to deliver integrated solutions on the most simple assignment to the most complex. We apply a depth of insight drawn from our understanding of all industries and sectors to advise occupiers, lenders, investors and the public sector on every aspect of real estate in an increasingly complex world.
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.