National Investment team to join Gerald Eve has been saved
National Investment team to join Gerald Eve
27 April 2016
Deloitte Real Estate announces the sale of its National Investment team to Gerald Eve.
The deal will see the 18-strong team, led by John Rodgers, transfer to Gerald Eve. This sale concludes the Deloitte Real Estate strategic review, which announced the sales of the Agency, Lease Advisory and Asset & Property Management teams last week.
Nigel Shilton, managing partner for Deloitte Real Estate, said: “I am confident Gerald Eve is the perfect fit for John and his investment team and I would like to take this opportunity to thank the team for their contribution to Deloitte and wish them every success in the future as they join Gerald Eve. This review has taken considerable time and effort to ensure it was conducted in a collaborative manner and to deliver the right outcomes for our people and clients. I am very much looking forward to the next chapter of Deloitte Real Estate as we invest in our core market-leading real estate services.”
John Rodgers, head of national investment at Deloitte Real Estate, said: “I am delighted to be returning to Gerald Eve after beginning my career there 20 years ago. As a British equity partnership, it is the perfect cultural fit for our national investment team and we are all very excited to bring our clients to the Gerald Eve business. I have no doubt that at Gerald Eve the team will continue to thrive given the firm’s very strong brand and reputation renowned for high quality, market excellence and integrity.”
Simon Prichard, Gerald Eve’s senior partner, said: “This is something of a coup for us and with five teams now on board, we are undergoing quite a step-change. Clearly we are never going to abandon our commitment to consultancy work, but we can now offer significantly enhanced transactional capabilities to better serve our clients right across the board. It is especially gratifying that all 38 individuals have made an active choice to join us as we have a culture and a business that they can identify with. This is no bull-market acquisition but rather a one-off opportunity to integrate some talented people into an existing successful platform with significant potential for growth.”
As previously announced, the West End and City leasing teams, lease advisory and dilapidations teams will also transfer to Gerald Eve. The proposed date to conclude all the transfers is 31 May 2016.
Notes to editors
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.