Deloitte to drop Drivers Jonas name

ACCOUNTANCY and business advisory firm Deloitte is to create a new market identity for its combined real estate advisory practice in the UK. It will mean it dropping the Drivers Jonas part of its property business’s name.

Deloitte Real Estate will launch on January 21. 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will be brought together under the new identity and at the same time the Drivers Jonas Deloitte brand will be withdrawn from the market.

That brand has been in use since Deloitte acquired property advisor Drivers Jonas in 2010. 

The firm suggests Deloitte Real Estate will bring 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 will be led by senior partner Andy Rothery, a real estate advisory partner with nearly 25 years’ experience at the firm. 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.”

Gary Cardin, head of Deloitte Real Estate Midlands, 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.

“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.”