Deloitte and Drivers Jonas complete merger

Richard Edwards (left) and Gary Cardin with the new DJD branding

The merger of two of the biggest names in Birmingham’s property and accountancy sectors has been completed.

Business advisory firm Deloitte and property consultants Drivers Jonas have merged to create Drivers Jonas Deloitte, a 700 strong specialist real estate advisory arm of Deloitte.

It follows the announcement in January that Deloitte had acquired Drivers Jonas to create the new business. 

Nick Shepherd, managing partner of Drivers Jonas Deloitte, said: “We are extremely pleased with the progress we have made in bringing the two businesses together so quickly, while keeping a sharp focus on our clients and on the market.

“By combining the broad, market leading property and construction expertise of Drivers Jonas with the skills of industry and financial specialists across the whole of Deloitte, we have a scale and depth of operation few can emulate. I see an exciting future ahead of us and already see opportunities to hire additional talent.

“The feedback from our people and from clients across both the private and public sectors has been very positive. We have a strong pipeline of new instructions, and will now be looking to give clients the benefit of the full breadth and depth of our advisory services.”

John Connolly, senior partner and chief executive of Deloitte, said: “We see a big opportunity for Drivers Jonas Deloitte to add value to our clients. We will connect the financial, tax and business insights of Deloitte with our comprehensive suite of real estate solutions to help our clients address their business and property opportunities and challenges.”

Key new business wins include the remit to lead the search for a development partner for the 57 acre New Covent Garden Market site in Vauxhall, London; the instruction to sell the freehold of 21 Lombard Street, a prime investment in the City of London; and the appointment as marketing agents for the Aldershot Urban Extension, the most significant MoD property to be sold outside London in the last decade, which will be regenerated to create around 4,500 new homes.

Drivers Jonas is one of the leading property advisory and consultancy firms in the West Midlands. The business will complement Deloitte’s real estate practice in Birmingham and will enhance the firm’s real estate services offering.

Richard Edwards, Midlands practice senior partner at Deloitte, said: “Now that the merger has been completed we are all very much looking forward to working together.

“We will be able to provide a more comprehensive property advisory service to our clients and continue to grow our real estate practice.”

Gary Cardin of Drivers Jonas Deloitte added: “The merger has been delivered on plan and on time and this has kept staff focussed and momentum driving forward.  It is a tremendous achievement and a credit to all staff.  Integration of the two businesses is very firmly underway and it is amazing how much immediate synergy there is. 

“Whilst our current focus is on our clients and existing instructions including the new wholesale markets at the Hub for PruPrim, advising on a range of regeneration and development projects to Slough Borough Council and providing ongoing advice to the Homes and Communities Agency plus key support to the NPIA (National Policing Improvement Agency), we are also seeing immediate work streams as a direct result of the merger.  This holds well to developing further the respective opportunities across Drivers Jonas Deloitte.”

For further details of the services provided by Drivers Jonas Deloitte, please visit www.djdeloitte.co.uk.

-Ends-

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