Easdil Secured

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.

Summary of transaction details:

• Value: $1 billion
• Sector: Business Services
• Advisor: Not disclosed
• Key Entities: Savills, Eastdil Secured
• Location: US

Note: The acquisition represents a major expansion push for Savills in the US market, where the company has historically had a more limited presence compared to Europe and Asia. The deal is expected to deepen Savills' foothold in the United States and enable it to compete more aggressively for high-value real estate advisory mandates.