Deloitte Takes Over Driver Jonas

Deloitte, Britain’s second-biggest professional services group, is to seize a foothold in the £2 billion commercial property consulting market by acquiring one of Britain’s oldest real estate firms. The “big four” accountant will merge its real estate practice with Drivers Jonas, the UK’s eighth-biggest commercial property adviser, according to the Times.

No money will change hands. Instead, Drivers Jonas’s partners will be absorbed into Deloitte’s partnership.