Siobhan Durcan and the Deloitte Channel Islands Real Estate team are hosting a half-day Real Estate Seminar on Wednesday 29 November.

Real Estate as an asset class continues to remain under scrutiny from investors and regulators. 2017 has been a busy year, with developments in international auditing standards (ISAs) impacting the Audit approach as well as the format of audit reports.

The adoption of the new accounting standards, IFRS 15 (the new Revenue Standard) and IFRS 16 (Leases) which are effective from 1 January 2018 and 1 January 2019, will bring challenges to the real estate sector as businesses prepare to adopt these in their 2017 and 2018 comparatives.

Finally, the Autumn Tax Budget announced a number of initiatives that will impact the real estate sector.

The seminar will begin with a Valuation and Market Update by Deloitte Real Estate (DRE) team, Philip Parnell and Clive Worland.

Philip and Clive are specialists in the Deloitte Real Estate team in London. They will present a market update, covering trends and themes across the major UK commercial property market sectors.

Ahead of an update on the new RICS standards for valuation and the changes to be aware of ahead of year-end valuation reports. Providing an insight into what is happening regarding innovation in the property sector, including Automated Valuations and Blockchain transactions.

Deloitte’s Channel Islands Real Estate team in collaboration with our Deloitte IFRS specialists will provide an overview in respect of IFRS 15 and IFRS 16, including key considerations for the first-time adoption of these standards that will impact the Real Estate sector.

Martin Rowley, who leads the Deloitte Jersey Tax practice, will focus on providing an overview of the announcements made in the Autumn Budget, together with UK legislative changes and potential future developments that will impact the Real Estate sector.

Siobhan Durcan, head of the Deloitte Channel Islands Real Estate sector, will be discussing changes in corporate governance, strategic reports as well as the changes in the audit standards that will impact audit reports.

Wednesday 29th November
8.30am – 11.30am 
Pomme d’Or Hotel
Please confirm your attendance to Chenesai Makaya; cmakaya@deloitte.co.uk or Tel: 01534 824 367.