Drivers Jonas to merge with Deloitte

Drivers Jonas is to merge with professional services firms Deloitte in a bid to create a new business in the real estate advisory market.

The merger will create one of the largest real estate businesses in Europe, with a “Drivers Jonas Deloitte” group of around 700 partners and staff.

The combined group claims is will be a new model in the real estate advisory market, with annual revenues of in excess of £110m.

It will offer real estate advisory and transaction knowledge, and will also form part of Deloitte’s wider £200m real estate industry team.

The deal will see over 650 Drivers Jonas partners and employees join Deloitte.

Managing partner of Drivers Jonas, Nick Shepherd, will become managing partner of the real estate group, which will trade as Drivers Jonas Deloitte. Shepherd will also join the Deloitte Executive.