Savills announces completion of the acquisition of Eastdil Secured LLC

The transaction positions Savills as a global leader in real estate advisory services bringing together highly complementary service lines and geographic footprints, to create a world-class platform spanning all key sectors. It transforms Savills Real Estate Investment Banking presence, accelerating Savills strategy to scale in North America while strengthening its leadership position in both EMEA and Asia Pacific.

The transaction was funded through loan finance and the issue of new ordinary shares in Savills,  representing approximately 16% of the Group's enlarged share capital, to the ultimate holders of equity interests in Eastdil Secured.  This includes Guggenheim, Temasek and Wells Fargo along with the Eastdil Secured leadership team and Eastdil Secured’s senior employees, all of whom have become shareholders in Savills in exchange for their existing interests in Eastdil Secured.

Eastdil Secured will be rebranded to “Eastdil Secured Savills” with immediate effect and will continue to operate its existing business model within Savills Group, as the Group’s Real Estate Investment Bank.  Delivering best-in-class advice on mergers and acquisitions, continuation vehicles and joint ventures, sales, debt placement, structured credit and loan sales to investors around the world, it is highly complementary to Savills broader real estate  service offering.  The combined group will be the number two advisory firm globally for prime commercial real estate transactions above $100 million.

Announced on 12 March 2026, the executive leadership of Eastdil Secured Savills includes the following appointments: Roy H. March as Executive Chairman, who is responsible for client advisory, and execution; D. Michael Van Konynenburg as Chief Executive Officer, who is responsible for day-to-day operations, strategy and key client advisory; and James McCaffrey as President, who is responsible for spearheading international growth from London. Michael Van Konynenburg and James McCaffrey will both join the Savills Group Executive Board.

Eastdil Secured Savills will maintain key headquarters in New York, Santa Monica and London. Its 21 existing offices will join Savills network across more than 70 countries.

Simon Shaw, Group Chief Executive of Savills Plc, commented: “Together we provide a stronger, globally connected platform enabling us to deliver for clients at every stage of the property cycle. We are thrilled to welcome like-minded colleagues to the group and I believe that, together, we have an extraordinary opportunity to fulfil client needs across all real estate sectors and geographies.”

D. Michael Van Konynenburg, Chief Executive Officer of Eastdil Secured Savills, said: “This is an important milestone for our firm. With the transaction complete, we look forward to working alongside our colleagues at Savills to broaden the expertise and resources available to our clients while continuing to deliver the unparalleled capital markets expertise, execution and discretion that have long defined Eastdil Secured. Together, we are well positioned to expand our capabilities and create new opportunities for our clients and our people.”

James McCaffrey, President of Eastdil Secured Savills, added: “This combination enhances our ability to deliver advice, execution and market insight through a broader global platform for clients in EMEA— and around the world—whose strategies increasingly span markets and borders. By bringing together strength with strength, we are better positioned to help clients capitalize on new opportunities through our combined expertise.”

James Sparrow, CEO of Savills UK & EME, commented: “The coming together of Eastdil Secured and Savills is one of the most exciting developments in my long career with the firm. The two businesses are incredibly complementary in terms of what we do and who we work for. Most critically our cultures are totally aligned.  I believe this will result in a unique, holistic and best in class offering for our Clients and it will be transformational for our EMEA platform, as well as the wider Group.”