BRG launches real estate practice for Europe, Middle East and Africa

03 May 2019 3 min. read
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The Europe, Middle East & Africa arm of global consultancy Berkeley Research Group has launched a real estate and fixed asset valuation practice for the region.

Global disputes & litigation, corporate finance, and strategy & organisation consultancy Berkeley Research Group (BRG) has launched a new Real Estate and Fixed Asset Valuation practice for the Middle East, Europe and Africa – to be based in London and headed by FTI Consulting recruit Ian Mackie, who founded FTI’s corporate and real estate consulting practice during an eight-year stint with the firm.

“I am delighted to be leading the launch of a new real estate valuation practice in the EMEA region for BRG,” said Mackie in a statement. “The firm is an acknowledged leader in global asset valuation services, with a tremendous depth and breadth of expertise. BRG has a great team of valuation professionals whom I am looking forward to working with in the coming months.”

Locally serving the financial services, energy, healthcare, TMT and construction sectors among others, BRG’s EMA practice – which includes bureaus in the UAE, Saudi Arabia and Kuwait, together with outlets in the UK, Europe and South Africa –  states its core practices as including disputes & damages, economic regulation, global investigations and strategic intelligence, IP & valuation, performance improvement and public policy.BRG launches real estate practice for Europe, Middle East and Africa

Adding to that list is BRG’s new practice, which will provide valuation, advisory and consulting services for entities across the real estate sector, including owners, investors and lenders. A new managing director, practice head Mackie brings over 25 years’ worth of industry experience to the role, spending nearly nine years as a founding partner at Bourne Business Consulting* prior to FTI, and seven and a half with Arthur Andersen before that.

“We are fortunate to have a renowned industry expert like Ian join our team,” said Daniel Ryan, head of BRG’s London office (which recently saw the departure of Tigran Ter-Martirosyan to Singapore). “We see significant opportunities in the asset valuation space in the EMEA region and are confident that combining Ian and BRG’s specialised expertise will help us deliver industry-leading valuation analysis.”

Regionally, BRG launched its Dubai office in 2016 to complement its existing Kuwait practice (which has advised on regional government strategies in country), focusing primarily on international and domestic arbitration in the construction sector. In a report from last year, Arcadis noted that the average value of disputes in the GCC construction industry had rocketed – although the average length was diminishing.

*Bourne Business Consulting was purchased by former global expert services and consulting firm LECG in 2010, in a deal advised on by specialist professional services sector M&A firm Equiteq. LECG in turn was originally co-founded by Berkeley professor David Teece – previously named by Accenture as among the world’s fifty leading business intellectuals – who after leaving LECG subsequently co-founded BRG.