Savills completes acquisition of Eastdil Secured LLC
Manhattan, NY Savills Plc 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 positions Savills as a global leader in real estate advisory services, bringing 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.
Eastdil Secured will be rebranded to “Eastdil Secured Savills” with immediate effect and will continue to operate its existing business model within Savills Group, as the group’s real estate investment bank. Delivering best-in-class advice on mergers and acquisitions, continuation vehicles and joint ventures, sales, debt placement, structured credit and loan sales to investors around the world, it is highly complementary to Savills broader real estate service offering. 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 March as executive chairman, who is responsible for client advisory and execution; Michael Van Konynenburg as CEO, who is responsible for day-to-day operations, strategy and key client advisory; and James McCaffrey as president, who is responsible for spearheading international growth from London. Van Konynenburg and McCaffrey will both join the Savills Group executive board.
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.
Simon Shaw, group chief executive of Savills Plc, said, “Together we provide a stronger, globally connected platform enabling us to deliver for clients at every stage of the property cycle. We are thrilled to welcome like-minded colleagues to the group, and I believe that, together, we have an extraordinary opportunity to fulfill client needs across all real estate sectors and geographies.”
Van Konynenburg said, “This is an important milestone for our firm. 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. Together, we are well positioned to expand our capabilities and create new opportunities for our clients and our people.”
David Lipson, Savills CEO of Savills North America, said, “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. 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.”
Listed on the London Stock Exchange, with more than 42,000 professionals collaborating across over 70 countries, we deliver a broad range of services and expertise to the world of commercial and prime residential real estate.
As the most relevant and trusted advisor in the commercial real estate capital markets, Eastdil Secured Savills creates value for clients through creative, actionable ideas and flawless execution. With an unrivaled combination of capital markets expertise and in-depth understanding of real estate fundamentals, Eastdil Secured Savills delivers best-in-class advice on mergers and acquisitions, continuation vehicles, joint ventures, sales, debt placement, structured credit and loan sales to investors around the world. Eastdil Secured Savills is jointly led out of New York, Santa Monica and London and has a broad global footprint to support clients with a total of 21 offices.