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 major commercial property transactions. Eastdil Secured will continue to operate under its existing model as Savills’ Real Estate Investment Bank, with leadership appointments including Roy H. March as Executive Chairman and D. Michael Van Konynenburg as Chief Executive Officer. The combined business is expected to become the second-largest advisory firm globally for commercial real estate transactions above $100 million, expanding Savills’ presence in the US market while creating new growth opportunities internationally.

(PRESS RELEASE) LONDON, 13-Mar-2026 — /EuropaWire/ — Savills plc, a global real estate advisory firm, has entered into a definitive agreement to acquire Eastdil Secured LLC, a leading real estate investment bank, in a transaction valued at $1.1125 billion in enterprise value. The deal represents one of the largest acquisitions in Savills’ history and is expected to close following the completion of customary regulatory approvals and closing conditions.

The acquisition significantly strengthens Savills’ position in global capital markets advisory, combining its international real estate advisory platform with Eastdil Secured’s established expertise in real estate investment banking. Once completed, the combined organization is expected to rank as the second-largest advisory firm worldwide for prime commercial real estate transactions exceeding $100 million, based on MSCI transaction data from 2021 to 2025.

Founded in 1967 in New York by Benjamin V. Lambert, Eastdil Realty pioneered an investment banking approach to real estate advisory. The company expanded internationally under the leadership of Roy H. March, who joined the firm in 1978. In 1999, Eastdil Realty was acquired by Wells Fargo, strengthening its platform through access to a major financial institution’s resources.

In 2006, Eastdil Realty merged with Secured Capital Corp, a real estate investment banking firm founded in 1990 by D. Michael Van Konynenburg and former executives of Drexel Burnham Lambert, creating Eastdil Secured. The firm underwent a management-led recapitalisation in 2019, led by Roy H. March and the management team in partnership with Guggenheim, Temasek, and Wells Fargo, further reinforcing its global leadership in real estate investment banking.

Today, Eastdil Secured provides advisory services across a wide range of real estate capital markets activities, including mergers and acquisitions, joint ventures, asset sales, debt placement, structured credit and loan sales. The firm operates from major hubs in New York, Santa Monica and London, supported by a global network of 20 offices. In the United States, these include Atlanta, Boston, Charlotte, Chicago, Dallas, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., while international offices span Dubai, Dublin, Frankfurt, Milan, Paris and Hong Kong.

Following completion of the transaction, Eastdil Secured will continue to operate with its established business model as Savills’ Real Estate Investment Bank, maintaining its key headquarters in New York, Santa Monica and London. The Eastdil Secured leadership team and senior employees will become shareholders in Savills through the issuance of consideration shares.

The company has also announced leadership changes designed to support its next phase of growth within the Savills Group. Roy H. March, currently Chief Executive Officer, will become Executive Chairman, focusing on client advisory, transaction execution and long-term strategic direction. D. Michael Van Konynenburg, currently President, will assume the role of Chief Executive Officer, overseeing daily operations. James McCaffrey will become President, leading international expansion from London. Both Van Konynenburg and McCaffrey will join the Savills Group Executive Board.

The combination of Savills’ global real estate advisory capabilities and Eastdil Secured’s investment banking expertise will create a comprehensive platform capable of supporting clients throughout the entire real estate investment life cycle, including advisory, capital markets transactions, development consulting, leasing, and asset management services.

Savills Group Chief Executive Simon Shaw highlighted the strategic importance of the transaction, noting that Eastdil Secured brings a highly complementary geographic presence and similar client-focused culture. He emphasized that the combination will offer the global investment community an expanded choice of advisory partner capable of delivering integrated property solutions across financial, strategic and operational services.

Eastdil Secured Executive Chairman Roy H. March said the partnership represents a new stage in the firm’s development, enabling it to expand its capabilities and resources while continuing to provide sophisticated real estate investment banking advice to clients worldwide.

Media Contact:

Simon Shaw
Group Chief Executive, Plc Central Management
+44 (0) 20 3107 5420

SOURCE: Savills