REG - Savills PLC - Acquisition

SavillsAnnouncement

28/09/2018 12:30

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: +44 20 7499 8644 
Nick Cooper, Chairman, Savills Investment Management
Simon Shaw, Group Chief Financial Officer, Savills plc
 
David Allchurch / Elizabeth Snow
Tulchan Communications                                                                        Tel: +44 20 7353 4200
 




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