Savills has completed its acquisition of Eastdil Secured for an enterprise value of approximately $1.11 billion, or £827 million. The deal brings together Savills’ global real estate advisory platform with Eastdil Secured’s real estate investment banking business. Savills initially announced the proposed acquisition on March 12, 2026.
The combination is intended to strengthen Savills’ position across real estate capital markets, investment banking and broader advisory services while accelerating the company’s expansion in North America.
It also expands Savills’ capabilities across Europe, the Middle East, Africa and Asia-Pacific by combining the firms’ service offerings, client relationships and geographic footprints.
Eastdil Secured has been rebranded as Eastdil Secured Savills and will continue operating under its existing business model as Savills Group’s real estate investment bank.
The business advises clients on mergers and acquisitions, continuation vehicles, joint ventures, property sales, debt placement, structured credit and loan sales.
Savills said the combined organization will become the world’s second-largest advisory firm for prime commercial real estate transactions valued above $100 million.
The acquisition was financed through a combination of loan funding and newly issued Savills ordinary shares.
The shares issued in connection with the transaction represent approximately 16% of Savills’ enlarged share capital.
Guggenheim, Temasek, Wells Fargo, members of Eastdil Secured’s leadership team and other senior Eastdil Secured employees received Savills shares in exchange for their existing interests in the business.
The equity component makes the former Eastdil Secured owners and executives shareholders in Savills, aligning them with the performance of the combined company.
Eastdil Secured Savills will maintain key headquarters in New York, Santa Monica and London. Its 21 existing offices will become part of Savills’ international network, which spans more than 70 countries.
Roy H. March will serve as Executive Chairman of Eastdil Secured Savills, with responsibility for client advisory and transaction execution.
D. Michael Van Konynenburg will serve as CEO and oversee daily operations, strategy and major client relationships.
James McCaffrey will serve as President and lead the company’s international growth efforts from London.
Van Konynenburg and McCaffrey will also join the Savills Group Executive Board.
Savills said the acquisition creates a more comprehensive platform capable of serving real estate clients across the full property lifecycle.
The combined organization will pair Eastdil Secured Savills’ capital markets and investment banking capabilities with Savills’ occupier services, leasing, valuation, consulting, property management and other advisory operations.
Savills has more than 42,000 professionals worldwide and operates across commercial and prime residential real estate markets.
KEY QUOTES:
“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.”
Simon Shaw, Group CEO of Savills
“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.”
D. Michael Van Konynenburg, CEO of Eastdil Secured Savills
“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.”
David Lipson, CEO of Savills North America
