Savills Plc has confirmed the completion of its acquisition of Eastdil Secured LLC (“Eastdil Secured”), for an enterprise value of $1.1125 billion (c.£827 million). This follows the announcement on March 12, 2026, of the proposed acquisition.
The transaction brings together highly complementary service lines and geographic footprints to create a world-class platform spanning all key sectors. It transforms Savills Real Estate Investment Banking presence, accelerating Savills strategy to scale in North America while strengthening its leadership position in both EMEA and Asia Pacific.
The transaction was funded through loan finance 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. This includes Guggenheim, Temasek and Wells Fargo along with the Eastdil Secured leadership team and Eastdil Secured’s senior employees, all of whom have become shareholders in Savills in exchange for their existing interests in Eastdil Secured.
“By bringing Eastdil Secured Savills leading real estate investment banking capabilities together with our occupier expertise and broader advisory platform, we are creating new opportunities to serve clients across the full real estate lifecycle,” said David Lipson, Savills CEO of Savills North America. “Just as important, our firms share a relentlessly client-focused, performance-driven culture grounded in strong advice, disciplined execution and a commitment to delivering the best possible outcomes for our clients.”
Eastdil Secured will be rebranded to “Eastdil Secured Savills” continue to operate its existing business model within Savills Group as its real estate investment bank The combined group will be the number two advisory firm globally for prime commercial real estate transactions above $100 million.
Announced on March 12, 2026, the executive leadership of Eastdil Secured Savills includes the following appointments: Roy H. March as executive chairman, D. Michael Van Konynenburg as CEO and James McCaffrey as president. Van Konynenburg and McCaffrey will both join the Savills Group executive board.
“This is an important milestone for our firm,” Van Konynenburg said. “With the transaction complete, we look forward to working alongside our colleagues at Savills to broaden the expertise and resources available to our clients while continuing to deliver the unparalleled capital markets expertise, execution and discretion that have long defined Eastdil Secured.”
Eastdil Secured Savills will maintain key headquarters in New York, Santa Monica and London. Its 21 existing offices will join Savills network across more than 70 countries.
