Commercial Finance Specialists

Deloitte is hoping to seize on the estimated £2 billion commercial development real estate advisory market with the acquisition of Drivers Jonas.

Deloitte is set to form a new commercial development real estate advisory firm to take advantage of the emerging market, which it values at an estimated £2 billion.

The new £110 million group will trade as Drivers Jonas Deloitte and will form a new part of the consultancy's wider £200 million Real Estate industry team.

Commenting on the new merger, senior Deloitte partner John Connolly indicated that the launch of the new service was an opportunity to take advantage of the firm's commercial finance and other specialist expertise, such as tax and business consulting.

He said: "Drivers Jonas is notable for the scale and strength of its transaction and advisory services and the quality and independence of its real estate research, making it the obvious choice to significantly extend Deloitte’s real estate offer to our clients."

Deloitte figures published earlier this week indicate that retail administrations have dropped to their lowest level, which is likely to reassure commercial development investors with interests in that sector.