Real Estate, Hospitality & Construction

The globalisation of capital, increased competition for assets, emerging technologies and changing customer demographics require the real estate, hospitality and construction (RHC) sector to rethink traditional paths to successful investment.

To remain competitive, companies must explore new structuring options, improve operational efficiency and balance portfolios to maximise return on investment – all while mastering digital disruption and gaining a deeper understanding of customer preferences.

We work with RHC companies to capitalise on digital innovation and adopt a bolder, more agile approach to navigating their fast-changing markets.

Our people drive return on investment and performance improvement by helping you streamline your operating model, manage risk, and enhance your customers’ experience, offering a holistic approach to growth opportunities.

  • Real Estate

    The UK remains a highly attractive destination for international and domestic real estate investment. However, the way we own, occupy and use real estate is fundamentally changing.

    Today, commercial developments are custom built considering trends in occupier demand, autonomous vehicles threaten the value of underground car parking space, online shopping is impacting the amount of space retailers require, and community living is an increasing trend in big cities.

    In addition to the many effects of digitisation, the sector faces existing challenges meeting regulatory requirements and managing financial risk while balancing sustainable growth.

    We work with real estate funds, REITs, institutional investors and property companies across a broad range of sectors, including; office, retail, residential/PRS, student accommodation and healthcare.

    Real estate contacts:

    Nicola Westbrooke | +44 (0)20 7760 9288

    Transactions Advisory Services:
    Helen Pratten | +44 (0)20 7951 2264

    Dan Saunders | +44 (0)20 7951 1803

    Business Development:
    Isla Hay | +44 (0)20 7951 7705

  • Hospitality

    The hospitality and leisure sector is facing a complex and shifting landscape.

    Brexit-related uncertainty and the squeeze on consumers has led to cautious investment, but brighter times are ahead as we see inflationary pressures easing and consolidation in a number of sub-sectors.

    We work with clients across a broad range of sectors, including; hotels, casual dining, restaurants, leisure and gaming.

    Hospitality contacts:

    Hotels and Casual Dining:
    Christian Mole | +44 (0)20 7951 3034

    Rachel Savage | +44 (0)20 7951 8128

    Andy Fyffe | +44 (0)13 1777 2425

    Betting and Gaming:
    Grant Humphrey | +44 (0)15 8264 3182

    Business Development:
    Jeremy Benton | +44 (0)20 7951 0210

  • Construction

    Areas like infrastructure and housebuilding have boosted growth in the construction industry, despite substantial consolidation in recent years. Companies are beginning to invest more in research and development as productivity and performance improvement is key to building margin lost due to cost and inflationary pressures.

    We work with clients across a broad range of sectors, including housebuilders, developers and infrastructure.

    Construction contacts:

    Adrian Mulea | +44 (0)20 7951 4436

    Transactions Advisory Services:
    Ian Marson | +44 (0)20 7951 3596

    Business Development:
    Julie Bundy | +44 (0)23 8038 2004

RHC insights


Q4 UK Betting and Gaming Update | February 2019

Inside hotels: The UK general manager perspective on trading, operational challenges and guest demands | January 2019

Q2 UK Betting and Gaming Update | June 2018

Investment opportunities and risks in the current climate | March 2018

The UK National Living Wage in the hospitality sector – How to manage the impact | 2017

Real Estate

Non-resident chargeable gains on UK property - collective investment vehicles | January 2019

Funds – Are you leaving money on the table? November 2018

Non-resident capital gains taxation on direct and indirect sales of UK property | July 2018


Facilities Management: Time for a shift change | January 2018

UK construction: Margin pressure

UK construction: Consolidation ahead

UK construction: consolidation ahead: Cash takes centre stage

Debt deconstructed: The evolution in debt financing in the UK construction sector

UK construction: consolidation ahead: Counterparty risk


    Contact us

    EY - Russell Gardner

    RHC Market Segment Leader

    Russell Gardner
    +44 (0)20 7951 5947


    EY - Nicola Westbrook

    RHC Head of Tax

    Nicola Westbrooke
    +44 (0)20 7760 9288


    EY - Dan Saunders

    RHC Head of Assurance

    Dan Saunders
    +44 (0)20 7951 1803


    EY - Helen Pratten

    RHC Head of Transaction Advisory Services

    Helen Pratten
    +44 (0)20 7951 2264


    EY - Christian Mole

    RHC Head of Hospitality & Leisure UKI

    Christian Mole
    +44 (0)7970 122009


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    EY - EU Referendum

    What Brexit means for businesses

    We explore the implications of the UK’s decision to leave the European Union.