Acquisition

RNS Number : 3650C

Savills PLC

28 September 2018

 

28 September 2018

Acquisition of Minority Interest in DRC Capital LLP

Further to the announcement on 26 July 2018 of the proposed acquisition of a 25% interest in DRC Capital LLP ('DRC') by Savills Investment Management, Savills plc, the international real estate advisory firm, announces that the transaction completed on 28 September 2018.

As also announced on 26 July 2018, the partners of DRC have granted Savills Investment Management a call option to acquire the remaining 75% interest in DRC on the third anniversary of the completion of the initial transaction.

The acquisition adds a strategic debt investment capability to the Savills Investment Management platform.

For further information please contact:

Savills                                                                                                  Tel: [phone] 

Nick Cooper, Chairman, Savills Investment Management

Simon Shaw, Group Chief Financial Officer, Savills plc

David Allchurch / Elizabeth Snow

Tulchan Communications                                                                        Tel: [phone]

 

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