EY strengthens real estate, precinct advisory and project management delivery capabilities with Cadence acquisition

• EY Australia to offer clients a comprehensive range of services that are flexible and responsive to their real estate and project development needs 

• Cadence complements EY Australia’s existing real estate services and helps to reduce risk for clients across the project life-cycle

Ernst & Young, Australia, (EY Australia) has strengthened its real estate, precinct and project management services and delivery offerings through the acquisition of consultancy Cadence Australia Pty Ltd (Cadence).

The acquisition will assist EY Australia to better serve clients by providing end to end support, from strategic advice and procurement through to implementation and delivery.

Cadence provides a range of project management services to clients in both the government and private sectors. Cadence Managing Director Matthew Gralton and directors Todd Murphy and David Riddell will join EY Australia as partners in the Real Estate Advisory and Project Management team, led by Marco Maldonado. Forty-five Cadence staff across Australia will join EY, bringing the team to more than 100 professionals, making it one of the largest independent teams of experts in real estate, project management and urban development advisory in Australia.

Marco Maldonado, EY Real Estate Advisory and Project Management Leader, Oceania, said, “In order to assist our clients through these dynamic times we needed to formalise a service that reduced risk and provided end to end assistance. We had been looking for some time to join with a specialist project management provider to enhance our offering to our clients, but it had to be the right people. Cadence is that firm. Through the acquisition of Cadence, we will now provide end to end assistance to our clients from strategy and business case development through to procurement and implementation. This reduces risk for clients and provides the synergies to assist in the smooth running of these major projects.”

“It’s also very exciting for our people – Cadence will expose us to a whole new skill set and development opportunities that align with future flexibility and unique ways to deliver projects, as well as some of the most interesting projects being undertaken in Australia. And they are a great cultural fit, which is so important at EY.”

Matthew Gralton from Cadence said, “We’ve been considering for some time, how we can continue to grow our business and provide more opportunities for our people, and EY Australia has offered us that and more. Joining EY Australia gives us access to new skills and expertise to bring to our existing clients and broadens our growth pathways, in terms of the work we can take on, the skills we can develop and the opportunities we can offer to our staff.”

David Larocca, EY Regional Managing Partner and CEO, Oceania, said, “Part of our global strategy at EY is to continue the buildout of a world class Transaction capability, and the acquisition of Cadence fits soundly within this strategy. The Cadence team will enhance and broaden our market leading Real Estate Advisory and Project Management capability, enabling future growth. Their values of authenticity, collaboration, flexibility, resilience, integrity and reliability also align so well with our EY values and our EY purpose of Building a Better Working World.”

-ends-

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the 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. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young Australia, a member firm of Ernst & Young Global Limited.

Liability limited by a scheme approved under Professional Standards Legislation. 

Key Contacts:

Melanie Kent

EY Media Relations 

+61 407 052 670 

Melanie.kent@au.ey.com