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3/13/26
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London-based Savills has agreed to acquire real estate investment firm Eastdil Secured in a deal worth over $1.1 bil. The merged firm is expected to create one of the largest commercial real estate services firms in the world, and the leading firm in the U.S. for CRE transactions of $100 mil or more.
Under the terms of the agreement, Savills will purchase all of the equity of Eastdil, which has its U.S. headquarters in New York City. Originally founded in 1967 and acquired by Wells Fargo in 1999, Eastdil Realty merged with real estate investment banking firm Secured Capital Corp in 2006, forming Eastdil Secured. In 2019, Temasek and Guggenheim Investments acquired Eastdil, with Wells Fargo retaining a minority ownership interest.
Eastdil Secured will continue to operate its existing business model within Savills Group, as the Group’s Real Estate Investment Bank from completion of the deal, and will maintain key headquarters in New York, Santa Monica and London. The Eastdil Secured Leadership Team and Eastdil Secured’s senior employees will all become shareholders in Savills through the receipt of Consideration Shares in exchange for their existing interests in Eastdil Secured.
The move is expected to significantly boost Savills’ presence in North America in addition to providing millions in savings due to synergies between the two entities. For 2025, Eastdil generated over $600 mil in revenue, with roughly three quarters being from activity in North America.
Eastdil has over 600 employees and boasts an international clientele with offices in Europe and Asia, along with the U.S. Over the last 15 years, the company has been the leading advisory firm when it comes to commercial real estate transactions in the U.S. over $100 mil.
Top Eastdil execs will take on slightly different roles going forward. Company CEO Roy March will be Executive Chairman, while D. Michael Van Konynenburg will be CEO and James McCaffrey will serve as president. Both Van Konynenburg and McCaffrey will also have seats on the executive board for Savills Group.
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