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Canada  + Infrastructure  | 

Deloitte Acquires Infra Real Estate Consultancy Tjene

Deloitte Canada has acquired Tjene, a Toronto-based infrastructure and real estate technology consultancy specializing in integrated systems for real estate, infrastructure, capital projects and the built environment.

The move comes as Canadian major infrastructure investment decisions and projects are ramping up as governments and the private sector dedicate billions of dollars to large-scale developments. In the latest example, Prime Minister Mark Carney announced his government’s intention to launch Canada’s first sovereign-wealth fund with $25 billion worth of federal contributions. Many of the new fund’s investments are expected to involve infrastructure projects.

Deloitte said the acquisition, announced Tuesday, will strengthen the company’s infrastructure and real estate advisory business by expanding its technology capabilities and enabling it to deliver end-to-end services across the full infrastructure and real estate lifecycle, from capital project delivery to ongoing workplace and real estate operations.

“Canada is calling for a significant wave of investment across infrastructure, capital projects, and real estate,” said Anthony Viel, the company’s CEO. “Integrating Tjene’s technology expertise and talent enables us to help our clients scale with confidence, improve certainty across major initiatives, and work towards futureproofing their organizations in a rapidly changing environment.”

Deloitte said organizations are facing growing complexity from digital transformation, changing workforce models and rising expectations around performance and resilience. As development activity increases, technology is playing a larger role in managing infrastructure and real estate programs.

The acquisition adds capabilities in integrated workplace-management systems and digital capital-project services across Canada, said the company.

“Recognized for our innovative approach, Tjene brings deep knowledge in asset-centric platforms, digital project delivery, and data driven insights, grounded in industry leading practices and globally recognized standards,” said Calvin Yoa, Tjene’s CEO. “By bringing together our robust technology and forward-thinking mindset with Deloitte’s market leadership and national scale, we are redefining what it means to be a leader in this space.”

Deloitte Canada’s infrastructure and real estate advisory business works with industry and government clients on the planning, development, maintenance and transformation of infrastructure and real estate assets.

Pictured: Deloitte building in Vancouver.

Photo: Shutterstock

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Anthony VielCalvin Yoa

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.