20th May 2021 15:10
Savills PLC - London-based real estate agent - Says investment arm Savills Investment Management exercises option to acquire remaining 75% stake in real estate debt manager DRC Capital LLP for GBP31.3 million. Consideration may total GBP33.7 million based on performance targets. Acquisition to be sealed by end of May. "Savills IM acquired an initial 25% member interest in DRC in September 2018, at which time it was also granted an option to acquire the outstanding 75% of member interests in 2021," company says.
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By Eric Cunha; [email protected]
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