Savills plc has signed a definitive agreement to acquire all of the equity of Eastdil Secured LLC, a preeminent global real estate investment bank, for an enterprise value of $1.11 billion. The acquisition is scheduled to complete in due course following satisfaction of customary regulatory and closing conditions.
Eastdil Realty was founded in 1967 by Benjamin V. Lambert in New York, pioneering an investment banking approach to real estate advisory. In 1978, Roy H. March joined Eastdil Realty and over time, the firm expanded globally and became a trusted partner across every property type and transaction structure. In 1999, Wells Fargo acquired Eastdil Realty, strengthening the platform with the resources of a leading financial institution. In 2006, Eastdil Realty and Secured Capital Corp, the real estate investment banking firm co-founded in 1990 by D. Michael Van Konynenburg and other former executives of Drexel Burnham Lambert, merged to create Eastdil Secured. In 2019, Ro
