Real Estate, Hospitality & Construction

  • Share

About our Real Estate, Hospitality & Construction Services

 

Who we are

We are a team of over 300 UK-based real estate, hospitality and construction professionals whose diverse skillset and collaborative ways of working enable us to create market-defining solutions for our clients.

We draw on professionals from our real estate finance, tax, assurance and advisory functions, and our global network of 10,000 dedicated real estate consultants across 49 countries, to implement innovative solutions that generate real value for our clients.

How we work

  • Complete solutions for complex problems

    We are more than accountants. We are a multi-skilled team from many disciplines and backgrounds. This gives us a crucial advantage when solving difficult problems tailored to our clients’ needs.

     
    EY - UK Real Estate case study - Adia

    Complete solutions for complex problems

    Beautifully simple (just like the Abu Dhabi skyline!)

    For a number of years we have worked with a sovereign wealth fund to create a new back office function, taking it through a series of steps to make it world class.

    Our one of a kind solution born from working cross service, through Advisory, Assurance and Tax, has brought about major costs saving and efficiencies for our client. It is the first time work of this nature has successfully been done in the fund market.

    Services provided: Advisory, Assurance and Tax

    ×
  • Creating successful connections

    In our sector, relationships are key. Our vast local and global networks ensure we are very well connected throughout the industry and therefore experienced industry matchmakers: we bring together the right people and make valuable business change happen, whether transaction or otherwise.

    We also support our clients by running a number of exclusive clubs designed to help members enhance their networks, both with peers and other industry professionals.

    Our Real Estate NEDs, financial controllers and tax directors clubs look at the core elements of functional effectiveness, such as leadership and staying ahead of market trends, as well as technical matters. Events provide practical guidance using first-hand insight from guest speakers, real life case studies and expert opinion.

     
    EY - UK Real Estate case study - Battersea

    Our real estate deals build value. No one knows better than EY how to turn property into pounds.

    In 2012 we advised on the sale of the landmark Battersea Power Station site. The deal was landmark too.

    After several attempted off-market sales by the owner, EY launched an international marketing campaign that achieved a fantastic result. Although many thought it unlikely, if not impossible, we generated a number of highly credible bids for this apparent “white elephant” from across the globe. This resulted in a sale to a consortium of Malaysian investors headed by SP Setia – its first investment into the UK.

    The sale, at £400m, provided our client with a significant return and exceeded both its own and the market's expectations.

    Not only do we believe that this was a spectacular achievement, the real estate industry agreed and named this as Property Week Deal of the Year and Property Week Resi Deal of the year 2013.

    Services provided: Real Estate Corporate Finance, Restructuring and Tax

    ×

What we achieve

  • Building new opportunities together

    We don’t just work on deals and projects for our clients – we instigate them. Our connections and industry knowledge mean we can spot opportunities others may miss and work, with you to realise them.

     
    EY - UK Real Estate case study - Spinningfields

    Working together to deliver best in class service

    When others saw just a building in Manchester, we looked beyond the obvious and ran a global marketing campaign for a fixed income investment.

    The EY Real Estate Corporate Finance team acted as lead sell side advisor on the disposal of Spinningfields Square and 1 Hardman Boulevard, in Manchester. This was one of the largest and most high profile real estate transactions outside London this year.

    We won the instruction due to the strength of our relationships with the global investment community and our ability to provide a one team full service solution to the client, bringing together real estate corporate finance, insolvency and tax.

    Our global marketing campaign, targeted primarily at pension funds and sovereign wealth funds, resulted in M&G Real Estate acquiring the assets for c.£320m. The transaction was finalised, from initial instruction to completion in under 3 months for a price which significantly exceeded market expectation.

    Services provided: Advisory, Assurance and Tax

    ×
  • Redefining what is possible

    Our innovative ways of thinking have allowed us to come up with structures and approaches that have genuinely challenged standard practice and created deals and other projects that are truly market-defining.

     
    EY - UK Real Estate case study - Crown Estate

    Redefining what is possible

    With a new CEO and corporate strategy, The Crown Estate embarked on an ambitious project to publish a world-class Integrated Report – the first of its kind in the UK. And we have been working with them throughout this journey.

    Integrated reporting represents a significant evolution in corporate reporting, and allows The Crown Estate to communicate its business strategy, performance and prospects in a concise and comprehensive way.

    This year’s report – the second in a three-year programme – also shows the link between the resources and relationships that sustain the business and how The Crown Estate contributes to the wider environment through its business activities.

    Not only have we supported The Crown Estate in identifying the issues that will drive future business performance but we have also helped it create a world-class Integrated Report and receive market recognition for being pioneers in integrated reporting. But don’t just take our word for it: Our competitor, PwC, awarded the first AND second reports its prestigious Building Public Trust awards. The Crown Estate’s 2014 Integrated Report has also recently won ICAEW’s Finance for the Future award.

    By helping The Crown Estate to think more holistically about its performance, EY has also played a valuable role in contributing to a more sustainable economy.

    Services provided: Sustainability services

    ×

 

Contact us

Real Estate, Hospitality & Construction

EY - Russell Gardner Russell Gardner
Head of RHC and RHC Tax Leader
+44 (0)20 7951 5947

 

EY -  David Wilson David Wilson
RHC Audit Leader
+44 (0)20 7951 0004

 

EY - Fraser Greenshields Fraser Greenshields
RHC TAS Leader
+44 (0)20 7951 7151

 

EY - Mark Wesley Mark Wesley
RHC Advisory Leader
+44 (0)20 7951 3279

 


Contact a member of our global team


For marketing queries, please contact Alison Elman.

For media queries, please contact Konstantinos Makrygiannis.

For general enquiries, please send us an email.

 

Connect with us

Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.

Follow us on Twitter

Connect with us and stay up to date on our reports, studies, events and more by following @EY_RealEstate.

Infrastructure 2012: spotlight on leadership

Infra2012

Financial austerity and political fractures require that a new kind of leadership emerge to bring infrastructure projects to fruition.

2012 real estate nonperforming loan investor survey

2012 real estate nonperforming loan investor survey

Investors are optimistic that the nonperforming loan market will remain active for another 24 to 48 months. Learn more about our survey results.