Savills Investment Management has bought an initial 25 percent stake in DRC Capital, a commercial real estate debt investment adviser, with an option to buy the remaining 75 percent in 2021.
No financial details were disclosed. The deal is expected to close in the third quarter of 2018.
DRC achieved one of the top 10 largest real estate fund launches in Europe in 2017 with its £600 million ($788 million) ERED III high-yield fund.
Founded in 2012, DRC is a specialist real estate debt investment adviser with current assets under management of £2 billion ($2.6 billion), comprising a series of high-yield, senior and whole loan funds.
Dale Lattanzio, CEO and managing partner of DRC, will join the board of Savills Investment Management on completion.
