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UK-based real estate services firm Savills has announced plans to acquire US real estate investment bank Eastdil Secured in a deal valued at about USD 1.1 billion, including debt. The move is aimed at strengthening Savills presence in North America, a key global property market. Eastdil Secured derives most of its revenue from the region while also maintaining operations across Europe and Asia Pacific. Savills expects the acquisition to improve earnings per share by the late decade and generate annual revenue synergies of at least GBP 60 million. The deal will involve debt financing and issuance of new Savills shares.
UK-based real estate advisory firm Savills has announced plans to acquire US real estate investment bank Eastdil Secured in a transaction valued at approximately USD 1.1 billion, including debt. The acquisition forms part of Savills strategy to expand its footprint in North America and strengthen its global capital markets advisory capabilities. Advertisement
Eastdil Secured generates around 76 percent of its revenue from North America and has built a strong position in the region's institutional real estate investment and advisory market. In addition to its US presence, the firm operates across Europe and the Asia Pacific region, giving it a diversified international network that aligns with Savills global operations.
Savills indicated that the acquisition is expected to enhance the company's financial performance in the coming years. The firm expects the transaction to deliver underlying earnings per share accretion in the low- to mid-teens by 2027. The combined business is also projected to generate direct revenue synergies of at least GBP 60 million annually over the medium term.
As part of the agreement, 85 senior employees of Eastdil Secured will collectively hold about 6.3 percent of the enlarged Savills entity. The transaction structure is designed to retain key leadership and align their interests with the long-term growth of the combined company.
Funding for the acquisition will come through a combination of debt financing and the issuance of new ordinary shares in Savills. The newly issued shares will represent around 16 percent of the enlarged company following completion of the deal.
Eastdil Secured has long been considered one of the leading real estate investment banking platforms in the United States, advising on major property transactions, capital markets activities and strategic investments. The firm was originally founded in the United States and has been involved in several large institutional real estate deals across sectors such as office, hospitality, retail and logistics.
Savills, headquartered in the United Kingdom, is one of the world's largest property advisory companies, providing services including property management, leasing, capital markets advisory and valuation across multiple markets. Over the past decade, the company has continued to expand internationally through acquisitions and partnerships, particularly in key investment markets such as the United States and Asia.
The planned acquisition of Eastdil Secured reflects the continued consolidation within the global real estate advisory and investment services sector, as firms seek larger platforms and deeper capital market capabilities to serve institutional investors and large-scale property owners.
Source Reuters
5th Jun, 2025
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