Savills buys Eastdil Secured: the world's second largest advisory firm is created

London-based real estate group Savills has announced the acquisition of US investment bank Eastdil Secured for $1.1 billion. This is one of the largest transactions in the industry's history - comparable to JLL's acquisition of HFF in 2019.

Eastdil Secured has been in business since 1967 and specialises in advising on acquisitions, mergers, structured finance and loan sales. The combination of the two firms will create the second largest advisory group in the world for commercial real estate transactions over $100m. Eastdil will retain its own brand and business model, with its 650 employees joining Savills' 40,000-plus staff.

For the European, and by extension the Central European, market, the transaction signals one thing: consolidation of the big players in the real estate advisory business is continuing and global capital is looking for more efficient platforms for managing and selling real estate.

Looking for office space? Take a look at our offer on NajdiKanceláře.cz.

ThePrime.cz - Savills Acquires Eastdil Secured for $1.1bn