After the deal is completed, Eastdil Secured will continue to operate its existing business model within Savills Group, as the group’s real estate investment bank and will maintain key headquarters in New York, Santa Monica and London.
London-listed international real estate services provider Savills is acquiring Manhattan-based real estate investment bank Eastdil Secured in a deal that values the latter at some US$1.11 billion ($1.41 billion).
The combined group will be the number two advisory firm globally for prime commercial real estate transactions above US$100 million, according to MSCI data for 2021 to 2025.
