Savills Investment Management has agreed to exercise the call option granted to it in July 2018 to buy the remaining 75% that it does not own in DRC Capital, the European real estate debt manager. The acquisition is expected to complete by the end of this month.
Savills IM Buys Remaining 75% Stake in Europe Debt Manager DRC Capital
Investment Manager Will Pay £31.3m Now for 25% Stake and May Pay Additional £33.7m in 2024
By Sharon Smyth
CoStar News
May 20, 2021 | 10:18 AM
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