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Savills IM announces completion of transformational strategic alliance with Samsung Life
Investors - JANUARY 3, 2022

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Savills IM announces completion of transformational strategic alliance with Samsung Life

by Released

Savills Investment Management (Savills IM), the international real estate investment manager, has completed its strategic alliance with Samsung Life, a Life insurer in Korea, and its real estate asset management subsidiary, Samsung SRA.

The partnership will allow Savills IM to grow existing products across real estate equity and debt, as well as paving the way for the launch of new strategies targeting asset classes, including European logistics and living.

Completion of the transaction sees Samsung Life acquire a 25 percent minority interest in Savills IM for £63.75 million (€76 million/$85.83 million) in cash and an agreement to commit capital of $1 billion over the initial four years of the relationship to Savills IM’s investment strategies. Samsung Life has options to increase its interest in Savills IM by as much as 10 percent during the initial term, depending on the quantum and timing of the provision of capital to Savills IM’s investment products.

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