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Savills Acquisition of Eastdil to Create “Global Real Estate Powerhouse”
Savills plc on Thursday formally announced that it has agreed to acquire Eastdil Secured Holdings, LLC., creating what Savills called “a global real estate powerhouse.” The acquisition, expected to close in the second or third quarter of 2026, is for a total consideration of $921.25 million and gives the real estate investment bank an enterprise value of $1.112 billion.
Under terms of the agreement, Eastdil will continue to operate its business within Savills. Eastdil CEO Roy March will become executive chairman of Eastdil Secured, focusing on client advisory, execution and long-term strategy, while current president D. Michael Van Konynenburg will become CEO. The company will maintain its joint headquarters in New York, Santa Monica and London.
Since 2011, Eastdil has advised on more than 9,800 transactions worldwide with a total value of $3 trillion and has been the top advisor on U.S. transactions greater than $100 million during that time, according to Savills. “Eastdil Secured is an organization we have worked with and admired for many years,” said Simon Shaw, group chief executive of Savills. “It has a complementary geographical footprint and similar culture to our own.
“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,” he continued.
The acquisition will bolster Savills’ real estate investment advisory capabilities in North America and Europe, while providing Eastdil with opportunities to grow its presence in the Asia Pacific region, Savills said. “This transaction marks the beginning of a new chapter for Eastdil Secured, which will accelerate our growth, create opportunities for our team and significantly enhance our ability to provide best-in-class real estate investment banking services for our valued clients globally,” said March.
Pictured: Eastdil headquarters in Santa Monica.
- ◦Sale/Acquisition
