Ernst & Young has the largest integrated real estate practice of any accounting organization, with approximately 7,500 professionals around the globe providing assurance, tax, transaction and advisory services to real estate owners, investors, lenders and users – including many funds, REITs, developers and homebuilders.
Our approach combines entrepreneurial thinking and an understanding of the issues with broad real estate experience, vast resources and a diverse network of clients and contacts. We serve more than 4,000 real estate clients throughout the world.
Leveraging Ernst & Young's Global Real Estate Center
Ernst & Young’s Global Real Estate Center brings together a worldwide team of professionals to help you achieve your potential – a team with deep technical experience in providing assurance, tax, transaction and advisory services. We work to anticipate market trends, identify the implications and develop points of view on relevant industry issues. Ultimately, it enables us to help you meet your goals and compete more effectively. It’s how Ernst & Young makes a difference.
Our global and CIS markets leadership
We lead the big four firms in real estate market value audited of the companies on the Forbes Global 2000 list, with 32%.
Our Key Services
Comprehensive analysis of real estate project
We offer the following services in analyzing the feasibility of real estate projects:
SWOT analysis and due diligence
Development of effective real estate concepts
Analysis of highest and best use
Feasibility studies to balance cost against desired investment return
Preparation of business plans
Market study and industry analysis
Assistance in strategy development
With today’s global strategies and changing market environment, management of a company’s real estate portfolio is essential in order to enhance efficiency. Our strategic consultants offer a range of services, including the following:
Analysis and restructuring of real estate portfolios
Business and geographic growth management
Business process improvement
Fast close and IFRS transformation
Development and implementation of corporate standards for planning office space
Real estate appraisal
Real estate appraisal is required when obtaining a collateralized loan, when fixed assets are revalued and assets are appraised for purposes of preparing financial statements in accordance with Russian and international standards, when real estate is purchased or sold, and when a company’s business or shares and contributions are appraised in connection with mergers, takeovers, and contributions to charter capital.
Our experienced professionals are RICS designated and perform all appraisal work in accordance with Russian and international standards.
Project development and management
Acting as representatives of the owner or lender, we provide the following services on major projects:
Project organization and management
Monitoring construction deadlines
We advise our clients on all measures relating to the management of construction projects – selecting land and forming a team of design engineers and specialists, developing a work program and budgeting, preparing tender documentation, selecting contractors, and operational management of the construction process.
Ernst & Young’s professionals are proactive in their management of projects, promptly identifying any changes or deviations from construction-industry standards or adopted plans. This practical approach to management enables us to resolve issues before they grow into problems and to minimize the risks for all parties concerned.
One key aspect of a developer’s activities is the structuring of financing and the optimization of long-term financial flows. Our consultants help optimize a company’s financial strategy and, in each individual case, identify the optimal source of fund for financing, refinancing, acquisitions, or restructuring the real estate portfolio.
Location advisory services
When undertaking regional expansion, companies often need to select a location suited for their business. We assist in finding an optimal location taking into account a company’s specific needs, the local business climate and real estate market, the availability of qualified personnel, proximity to suppliers and customers, local tax incentives, and attitudes of regional and municipal authorities toward business.
Green construction advisory services
Our green construction team includes specialists in environmental protection and climate change, experts in corporate social responsibility, professional architects, engineers, economists, and real estate market analysts. The team members have certificates of CCIM, RICS, BREEAM and LEED and are professional appraisers.
The team focuses on resolving complex issues related to green construction – in particular, concept development and analysis of the investment attractiveness (feasibility study) of green projects, object assessment based on the BREEAM standard, market value appraisal based on the RICS standard (including RICS recommendations) and tax and legal advice on green project realization.
Hospitality advisory services
Our professionals have led the hotel market in Russia since 1993 and perform appraisals, due diligence, and economic feasibility studies of hotel development projects and existing properties. With our extensive experience in advising on the tax, legal, and financial aspects of the hospitality business, Ernst & Young is uniquely positioned on the professional services market to optimize all stages of such projects – from initial concept development, market positioning, and a forecast of operating characteristics to assistance in selecting hotel operators and negotiating effective terms for management contracts in Russia.
Tax & Legal and Transaction Advisory Services
Ernst & Young’s proven experience in the real estate market, combined with leading practices in Tax & Legal and Transaction Advisory Services, is unmatched by competing real estate brokers/consultants and other Big Four firms.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.