Savills has completed the acquisition of Eastdil Secured LLC in a transaction with an enterprise value of $1.1125 billion (approximately €965 million), marking a major step in the group's strategy to strengthen its real estate investment banking platform and expand its presence in key global markets.
First announced in March 2026, the deal brings together Savills' international real estate advisory business with Eastdil Secured. According to the company, the combined platform will enhance its ability to advise institutional investors across the full spectrum of real estate capital markets transactions.
Following completion of the transaction, Eastdil Secured will operate under the new brand Eastdil Secured Savills, while maintaining its existing business model as the group's dedicated real estate investment banking business. The firm will continue to advise clients on mergers and acquisitions, joint ventures, continuation vehicles, asset sales, debt placement, structured credit and loan sales.
The acquisition also strengthens Savills' geographic footprint, accelerating its growth strategy in North America while reinforcing its leadership position across EMEA and Asia Pacific. The combined business is expected to become the world’s second-largest adviser in prime commercial real estate transactions above $100 million, according to data from MSCI covering the period between 2021 and 2025.
The transaction was financed through a combination of debt and the issuance of new Savills ordinary shares, representing around 16% of the enlarged share capital. As part of the agreement, Guggenheim, Temasek, Wells Fargo, together with Eastdil Secured's leadership team and senior employees, have become shareholders in Savills.
The leadership structure announced when the transaction was unveiled remains unchanged. Roy H. March will serve as Executive Chairman, overseeing client advisory and transaction execution, while D. Michael Van Konynenburg continues as Chief Executive Officer and James McCaffrey as President, leading the firm's international expansion from London. Van Konynenburg and McCaffrey also join the Savills Group Executive Board.
Eastdil Secured Savills will retain its principal headquarters in New York, Santa Monica and London, with its network of 21 offices becoming part of Savills' global platform spanning more than 70 countries.
Commenting on the completion of the acquisition, Simon Shaw, Group Chief Executive of Savills Plc, said the enlarged group offers "a stronger, globally connected platform" that will enable the business to support clients throughout every stage of the property cycle.
D. Michael Van Konynenburg, Chief Executive Officer of Eastdil Secured Savills, described the completion as "an important milestone" for the business, adding that the combined platform will broaden the expertise and resources available to clients while preserving the firm's longstanding focus on capital markets advisory and execution.
