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KPMG to acquire consultancy firm


KPMG has announced the acquisition of a property-focused consultancy firm to boost its real estate advisory portfolio, bringing four new partners and 65 new staff on board.

By Staff Reporter2 minute read

KPMG will acquire SGA Property Consultancy with the business to be known as KPMG SGA.


SGA managing director David Myers and SGA founder Stephen Allan, as well as Bruce Corrin and David Mansfield, will be made partners in KPMG.

The consultancy proves property transaction, property management, corporate real estate and environmental consultancy services to major property investors, managers and operators across Australia, New Zealand and throughout Asia.

Mr Myers said the deal will allow SGA to fast-track domestic and global growth ambitions.

“We are experiencing strong growth in Malaysian and Singaporean-based projects, while locally we are consulting to a significant and rapidly growing number of inbound Asian investors, including Chinese,” he said.

“Chinese investors view Australia as a safe haven for investment. They are investing in premium property, albeit often on a tighter yield than other markets. Our work involves assessing existing properties for these clients, as well as undertaking risk analysis on redeveloping commercial property for residential use.”

Gary Wingrove, chief executive of KPMG, said the SGA acquisition is one of the firm’s largest domestic acquisitions ever.

“The investment allows us to provide full-service real estate and construction consultancy, and creates the largest and deepest talent pool of independent, specialist consulting expertise in this sector in the country,” he said.

Mr Wingrove said there has recently been a tremendous increase in international investor interest in Australian real estate from a range of parties, including pension and sovereign wealth funds, multi-national corporates and private equity firms.

“They want technical due diligence on potential acquisitions and redevelopments, as well as other financial advice. Our independence and combined expertise creates a truly differentiated offering in the market place,” Mr Wingrove said.

The acquisition will see 65 professionals across seven offices join the big four firm from December. Commercial terms were not disclosed.

KPMG to acquire consultancy firm
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