Savills Announces Acquisition of Eastdil Secured LLC

Savills has announced it has signed a definitive agreement to acquire all of the equity of Eastdil Secured LLC, a real estate investment bank, for an enterprise value of $1,112.5 million. The acquisition is scheduled to be completed in due course following satisfaction of customary regulatory and closing conditions.

Eastdil Secured will continue to operate its existing business model within Savills Group, as the Group’s Real Estate Investment Bank from completion of the deal, and will maintain key headquarters in New York, Santa Monica and London. The Eastdil Secured Leadership Team and Eastdil Secured’s senior employees will all become shareholders in Savills through the receipt of Consideration Shares in exchange for their existing interests in Eastdil Secured.

Simon Shaw, Group Chief Executive of Savills, said, “This acquisition is a significant step forward for both of us, bringing to the global investment community a much-needed choice of leading advisory partner to deliver a comprehensive suite of investment banking, strategic, financial, development, leasing and other ‘boots on the ground’ property solutions. By acquiring a leading REIB provider, the improved breadth of our services and enhanced global footprint will create significant growth opportunities for the combined Group’s staff and significant value to our clients and shareholders alike”.

Roy H. March, Executive Chairman of Eastdil Secured, added, “As part of Savills, Eastdil Secured will continue to serve as a trusted advisor and provide clients with unmatched capital markets and commercial real estate expertise, now with more resources as part of a larger organisation with complementary geographic reach and advisory capabilities. The Savills team shares our commitment to excellence and our emphasis on discretion, collaboration, and insight-driven execution. We look forward to continuing to grow and deliver for our partners as part of this industry-leading global platform”.

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