Deloitte appoints Nolan Tucker as Real Estate Director in Leeds Office

Deloitte Real Estate has named a new director at its Leeds office. Nolan Tucker brings extensive expertise advising on commercial and residential projects across Yorkshire to the role.

Now advising on some of the biggest real estate projects shaping the UK’s second-largest city, Deloitte’s Leeds team welcomes its new director with a full schedule. Nolan Tucker will lead the professional services firm’s engagement with Trinity Leeds, Yorkshire’s flagship shopping centre which boasts more than 120 stores.

His team will also be a chief advisory partner in the development of a 36-storey student accommodation block set to be the tallest building in Leeds. Developers Olympian Homes are edging closer to securing planning permission for the site, near the First Direct Arena.

With 11 years of experience at global consulting firm WYG — which provides insight on property and infrastructure projects — Tucker is well positioned to hit the ground running. He headed WYG’s Leeds planning team and advised on a wealth of commercial and residential real estate projects across Yorkshire, playing a crucial role in gaining approval for the £40 million renovation of Emerald Headingley Stadium.

John Cooper, partner at Deloitte Real Estate, said, "With over a decade of experience in Yorkshire, Nolan puts us in a position to better capitalise on this growing market. His track record of leadership and strategic planning support on some of the region's key developments will be vital.”

Tucker himself said he was delighted to join the Deloitte Real Estate team, adding, “With the support of the expertise and talent across the wider Real Estate team, we will be in a position to add great value to the region and drive further development in this exciting market."

Deloitte has identified Yorkshire and the North East as a key strategic region for its UK business. A recent flurry of promotions and new hires confirms that the professional services firm is eager to shore up its local expertise. 

With turnover up among mid-market businesses, Yorkshire’s economy is enjoying its best period since before the recession. Analysis from consulting firm BDO found that mid-sized enterprises have increased revenue and profits since 2014 and were a major driver of local jobs growth.

Much of Yorkshire’s fate rests with that of the UK real estate market, which is tangled in a web of conflicting developments and projections. More than £5 billion was pumped into the London property market in the first half of 2017, with Chinese investors stumping up most of the cash.

Yet as Brexit looms, its shadow over British real estate grows larger. A recent study from online real estate investment platform BrickVest found that European property investors favoured Germany over the UK for the first time. The presence of a strong financial sector is strongly linked to commercial real estate growth and London looks set to lose out to cities like Amsterdam, Dublin and Frankfurt once the Brexit divorce is finalised in 2019.