Savills to Acquire Eastdil Secured for $1.2B, Expanding US Brokerage Presence
TL;DR
London-based Savills is set to acquire Eastdil Secured for $1.2 billion, with Eastdil keeping its name and independence; the deal, structured as 60% cash and the remainder in Savills shares, is expected to be announced alongside Savills’ quarterly results and signals a major expansion of Savills’ U.S. brokerage footprint.
Topics:businessreal-estate#commercialrealestate#eastdilsecured#mergersacquisitions#real-estate#realestate#savills
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