UK's Savills buys Eastdil Secured for $1.1 billion to expand US ...

Savills to Buy New York Adviser Eastdil in $1.1 Billion Deal

Savills Plc has agreed to acquire New York-based Eastdil Secured Holdings LLC in a deal that values the real estate advisory business at $1.1 billion, including debt.

UK's Savills buys Eastdil Secured for $1.1 billion to expand US ...

Savills Agrees $1.1 Billion Acquisition of Eastdil Secured to Strengthen Global Real Estate Capital Markets Advisory

Savills Agrees $1.1 Billion Acquisition of Eastdil Secured to Strengthen Global Real Estate Capital Markets Advisory (IN BRIEF) Savills plc has agreed to acquire global real estate investment bank Eastdil Secured LLC in a transaction valued at $1.1125 billion. The acquisition combines Savills’ international real estate advisory platform with Eastdil Secured’s capital markets and investment banking expertise, strengthening the group’s position in…

Savills agrees $1bn deal to buy Eastdil Secured in major US expansion push

Savills has agreed a deal worth close to $1 billion to acquire US property investment bank Eastdil Secured, marking a significant strategic move aimed at strengthening the British real estate group’s presence in the lucrative American market. The London-listed property adviser will pay approximately $921 million for the business in a transaction combining both cash and shares. Around $553 million will be paid in cash, while roughly $369 million …

Savills to acquire New York's Eastdil in US$1.1 bil deal to build global real estate powerhouse

London-listed real estate advisory firm Savills plc has signed a definitive agreement to acquire all of the equity of Eastdil Secured, a global real estate investment bank, for an enterprise value of US$1.1125 billion (about $1.42 billion). Eastdil Secured offers advice on mergers and acquisitions, continuation vehicles or joint ventures, sales, debt placement, structured credit, and loan sales to investors around the world. Based in New York, S…

Savills' $1.1B Eastdil Deal Brings It Closer To Brokerage Heavyweights

The tectonic plates of the global commercial real estate industry shifted on Thursday when London-based brokerage giant Savills announced it would be purchasing one of the biggest investment sales players across the pond: Eastdil Secured. The $1.1B deal allows Eastdil to continue to operate under its existing brand and business model. The deal, which is expected to close by the end of the year, adds Eastdil’s 650 employees to Savills’ workforce …