Deloitte secures new headquarters in Kiev

11 Mar, 2008, Kiev, Ukraine

Kyiv, Ukraine – March 11, 2008 — Deloitte relocates its Ukrainian headquartersfrom Leonardo Business Center to Zhylianska Street, 48,50-a. For Deloitte, occupying their own building was the only way of ensuring sufficient capacity for the rapid growth that the Firm expects over the next three to five years. Deloitte plans to triple the size of the practice during this time period, in order to keep pace with the tremendous growth in client portfolio and increasing demand for more sophisticated and specialized professional services.

The new office building will be known as the Deloitte Business Center and is a ten-storey state-of-the-art class A office building, in immediate proximity to Respublikanskiy Stadion metro station. The building has a rentable surface area of 9,500 square meters and boasts efficient floor plates and soaring views of central Kyiv. The building is being developed by ISA Prime Developments and is owned by Eurasia Ukraine.

Cushman & Wakefield represented Deloitte in the transaction. Deloitte plans to occupy approximately 70% of the business center and Cushman & Wakefield is now marketing the remaining 30% of space for sublease.

According to Vladimir Vakht, Deloitte Managing Partner, the Deloitte Business Center was the obvious choice for the firm. “Deloitte success is built around our ability to attract and retain the quality talent. Our clients needs in our services grow rapidly. We grow with our clients. The Deloitte Business Center is the only office development in central Kyiv that is capable to support both our need for growth and our tough technical requirements.”

Aaron Block, Partner, Office Agency, Cushman & Wakefield Stiles & Riabokobylko, the Russian operations of global real estate consultant Cushman & Wakefield, says: “Securing a class A building like the Deloitte Business Center for Deloitte’s office needs is a real coup in this tight leasing market. The successful completion of a deal of this caliber was a culmination of more than a year’s work on Deloitte’s side. Eurasia and Deloitte have proven that it is possible to create long-term value for both landlord and tenant in the Kyiv market.”

Rysbek Toktomushev, Eurasia Ukraine General Director says: “Deloitte is the right long term partner for Eurasia as we continue our development activities throughout Ukraine.”

Deloitte Ukraine

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of 150 000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu", or other related names.

In the Ukraine, ZAT Deloitte & Touche USC is the CIS member firm of Deloitte Touche Tohmatsu, and services are provided by ZAT Deloitte & Touche USC and its subsidiaries. ZAT Deloitte & Touche USC is among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through more than 500 people in Ukraine. Known as an employer of choice for innovative human resources programs, it is dedicated to helping its clients and its people excel. For more information, please visit the Ukraine member firm’s website at www.deloitte.com.ua

Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

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