Savills Investment Management has decided to acquire the remaining 75 percent of member interests not already owned by it in DRC Capital, the European real estate debt manager. The acquisition is expected to complete by the end of May.
Savills IM acquired an initial 25 percent member interest in DRC in September 2018.
Alex Jeffrey, CEO of Savills Investment Management, said, “DRC continues to innovate in the real estate debt market and has rapidly built an enviable position in an increasingly competitive environment. We are very happy with the progress of the partnership since 2018 — the combination of Savills IM's and DRC's investment teams provides a compelling offering to our clients by providing investment opportunities across the entire real estate capital structure.”
