Savills to Acquire Eastdil Secured for $1.1B

Savills has agreed to buy Eastdil Secured for $1.1 billion, the firms confirmed on Wednesday.

The acquisition of the investment banking firm will considerably expand Savills’ footprint in advisory services, capital markets and other areas. In a statement, the firms cited compatibility offered by overlapping clients, geography and capabilities, as well as new opportunities for Eastdil to expand in the Asia-Pacific region.

According to the companies, the combined enterprise will be the second-largest advisory firm for “prime transactions” of $100 million-plus.

London-based Savills has been expanding recently in the U.S. across different asset classes. In November 2025, the firm launched its U.S. Retail Advisory Services platform to be led by Todd Siegel focusing on high-street and Class A retail in premier markets.

Hogan Lovells’ team of Todd Schwartz, Jeff Keitelman, Meg McIntyre, Nicola Lemay and Tao Leung is the legal advisor for Savills on the deal.

C-suite moves

Eastdil is also making a series of executive appointments. Roy March, the firm’s longtime CEO, is taking a new title, executive chairman, and will continue to guide long-term strategy, advisory and client execution. Succeeding March as CEO is D. Michael Van Konynenburg, the firm’s current president; he will oversee day-to-day operations.

Eastdil’s new president is James McCaffrey, who has been serving as the firm’s managing director & head of Europe and will continue to lead the firm’s international growth initiatives. He and Van Konynenburg will join Savills’ Group Executive Board.

For its part, Savills has recently made changes at the top, as well. At the start of the year, Simon Shaw succeeded Mark Ridley as the company’s CEO.

This is the second ownership change for Eastdil in less than a decade. In 2019, the firm was taken private after Wells Fargo sold its majority stake to a management-led partnership that also included Temasek Holdings and institutional clients advised by Guggenheim Investments. That deal was valued at $400 million. Wells Fargo had held a majority stake in the company since 2006 when it acquired it for $150 million.

Eastdil’s recent high-profile assignments include serving as financial advisor to MCME Carell, a joint venture between Elliott Investment Management LP and Morning Calm Management, when it purchased City Office REIT for $1.1 billion. In December 2025, Eastdil arranged a $510 million refinancing deal for 5 Bryant Park, a 680,000-square-foot Manhattan office tower.