Savills Reaches $1.1B Deal to Acquire Eastdil Secured
By Mark Hallum March 11, 2026 3:37 pm
reprints
Savills has closed on a deal to buy Roy March’s Eastdil Secured for $1.1 billion, according to reports and an announcement from Savills.
Guggenheim Investments and Singaporean sovereign wealth fund Temasek Holdings are selling their shares in the investment bank to the real estate brokerage firm, handing over what is likely a significant stake to Savills, Green Street News first reported.
“We have worked with and respected Eastdil Secured for many years, and there is a strong complementary geographic and cultural alignment,” Simon Shaw, group chief executive of Savills, said in a statement. “This acquisition creates a compelling new partner of choice for the global investment community. Pairing Eastdil Secured’s real estate investment banking globally with Savills’ broader advisory and on-the-ground capabilities will drive growth and deliver value for clients, our people and shareholders.”
Spokespeople for Guggenheim and Temasek did not immediately respond to requests for comment.
As part of the acquisition, current Eastdil CEO March will move into the role of executive chairman of Eastdil, while current Eastdil President D. Michael Van Konynenburg will become CEO of the investment bank. Meanwhile, James McCaffrey, currently Eastdil’s managing director and head of Europe, will become president. Both Van Konynenburg and McCaffrey will also join the Savills Group Executive Board, according to a Thursday announcement from Savills.
A deal has likely been simmering for about a year, as Eastdil hired BDT & MSD Partners in February 2025 to help it find new opportunities for strategic investments, according to Bloomberg.
“This transaction marks the beginning of a new chapter for Eastdil Secured, which will accelerate our growth, creating new opportunities for our team and strengthening what we can deliver for clients globally,” March said in a statement.
“As part of Savills, we’ll continue to serve as a trusted adviser, now with greater resources and complementary geographic reach, while maintaining our shared focus on discretion, collaboration and disciplined execution,” March added.
This isn’t Eastdil’s first time changing hands. In 2019, Wells Fargo sold Eastdil as its private real estate investment banking division to Guggenheim and Temasek for about $400 million, with Wells Fargo retaining only a minority stake.
Mark Hallum can be reached at mhallum@commercialobserver.com.
