Savills Acquires Eastdil Secured in $1.2 Billion Deal
A significant acquisition in the brokerage sector is on the horizon as Savills, headquartered in London, has agreed to acquire Eastdil Secured for $1.2 billion. Reports from Green Street indicate that the announcement is anticipated alongside Savills’ quarterly earnings results.
Savills to Acquire Eastdil Secured for $1.2 Billion
Upon completion of the deal, Eastdil Secured will retain its name and maintain its cultural independence. Savills will finance 60% of the transaction with cash, while the remaining 40% will be covered by shares. Both Savills and Eastdil have not provided any immediate comments regarding the acquisition.
Background on Eastdil Secured
Eastdil Secured was last sold in 2019 when Wells Fargo & Co. divested a majority stake to Guggenheim Investments and the Singapore-based investment firm Temasek. Wells Fargo continues to hold a minority interest in the company. Founded in 1967, Eastdil is led by CEO Roy March, who joined the firm as an intern a decade after its inception.
- Founded: 1967
- Headquarters: New York City
- CEO: Roy March
- Services: Traditional brokerage, M&A, corporate advisory, capital raises
Recent Developments in Savills
This acquisition follows a recent leadership change at Savills with Simon Shaw becoming CEO on January 1, succeeding Mark Ridley, who retired at the end of 2025. Savills, established in 1855, expanded into the U.S. market over a decade ago.
- 2014: Acquired tenant representation firm Studley
- 2019: Rebranded from Savills Studley to Savills
- 2020: Acquired project management firm Macro Consultants
- 2021: Acquired advisory firm T3 Advisors
- Last week: Acquired The Building Consultancy in Ireland
In addition to its traditional brokerage services, Eastdil Secured is currently advising a consortium led by Affinius Capital on its planned $3.4 billion acquisition of Veris Residential, a REIT based in Jersey City. This acquisition by Savills marks a notable expansion in the competitive real estate market.
