Savills in $1.1bn swoop on global real estate bank – Daily Business

Savills is expanding its global offering

Property adviser Savills is acquiring Eastdil Secured Holdings, the global real estate investment bank, for an enterprise value of $1.1 bllion (£827m).

The deal creates a global real estate powerhouse to provide capital markets solutions with a complete service offering.

The enlarged group will be the number two adviser globally for prime commercial real estate transactions above $100m, and number one in the United States.

Eastdil Secured is a pre-eminent leader in REIB, jointly led out of New York, Santa Monica and London, with 650 employees (of which c.450 are client facing), operating from 20 offices across the US, Europe and Asia.

Since 2011 it has advised on more than 9,800 real estate transactions worth c.$3 trillion, providing expert advice on mergers and acquisitions, continuation vehicles, joint ventures, sales, debt placement, structured credit and loan sales.

Over 2011-2025, Eastdil Secured has been the top adviser for commercial real estate transactions over $100m in the US.

The transaction will be funded through debt and the issue of new ordinary shares in Savills (representing approximately 16% of the group’s enlarged share capital) to the ultimate holders of equity interests in Eastdil Secured, which will be subject to lock-up provisions.

In 2025, Eastdil Secured generated revenue of $633m (c.£470m) and underlying EBITDA of $113m (c.£84m).

Simon Shaw, group chief executive of Savills, said the deal will create “significant growth opportunities” and added value for clients and shareholders.

“Eastdil Secured is an organisation we have worked with and admired for many years. It has a complementary geographical footprint and similar culture to our own,” he 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.”

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