Savills Plc has completed its acquisition of Eastdil Secured LLC in a transaction valued at $1.1125 billion, or approximately £827 million. The deal brings Eastdil’s capital-markets platform into the Savills Group and creates the world’s second-largest advisory firm for prime commercial real estate transactions exceeding $100 million.
Key takeaways
- Savills acquired Eastdil Secured for an enterprise value of $1.1125 billion.
- The business will operate under the name Eastdil Secured Savills.
- Eastdil will remain an independent-style real estate investment bank within the Savills Group.
- The combined platform will rank No. 2 globally for large prime commercial real estate deals.
- Eastdil’s leadership team will take expanded roles within Savills.
The completed transaction follows Savills’ announcement in March that it intended to acquire Eastdil. The closing expands Savills’ presence in high-value real estate investment banking and adds Eastdil’s specialized advisory capabilities to the broader group.
Eastdil adopts new branding while retaining its model
Eastdil Secured will immediately rebrand as Eastdil Secured Savills. Despite joining the Savills Group, the business will continue operating under its existing model as Savills’ real estate investment bank.
That structure is intended to preserve Eastdil’s established approach to capital markets advice, including its emphasis on execution, discretion and complex transaction expertise. The combination also gives the business access to Savills’ broader international resources and client network.
Leadership structure takes shape
Roy H. March will serve as executive chairman, while D. Michael Van Konynenburg becomes chief executive officer and James McCaffrey takes the role of president. Both Van Konynenburg and McCaffrey will join the Savills Group Executive Board.
The appointments provide continuity for Eastdil’s existing platform while placing its senior leadership directly within Savills’ governance structure. The arrangement is designed to support coordination between the two organizations as the integration moves forward.
Global network expands the platform’s reach
Eastdil Secured Savills will maintain key headquarters in New York, Santa Monica and London. Its 21 existing offices will become part of Savills’ global network, which spans more than 70 countries.
The expanded footprint gives the combined company a larger base from which to advise investors, owners and other clients on major commercial real estate transactions across international markets. Savills expects the combination to broaden the expertise and resources available to clients while preserving Eastdil’s specialized capital-markets identity.
Strategic implications for commercial real estate
The acquisition strengthens Savills’ position in the upper end of the commercial real estate advisory market. By combining Savills’ global reach with Eastdil’s investment banking capabilities, the group is positioned to compete more effectively for transactions valued above $100 million.
Van Konynenburg described the closing as an important milestone and said the combined organization would seek to expand its capabilities and create new opportunities for clients and employees. The integration will now focus on connecting the two firms’ resources while maintaining the service standards associated with Eastdil’s existing business.