Savills IM launches debt lending business with DRC Capital stake

International real estate investment manager Savills Investment Management has acquired an initial 25% stake in DRC Capital, the commercial real estate debt investment adviser.

Financial details were not disclosed.

The deal includes an option to acquire the remaining 75% in 2021. Savills IM said the deal allowed the firm to broaden its investment proposition to include a range of debt lending strategies.

'DRC has been an innovator in the real estate debt space and has rapidly built an enviable position in a competitive environment,' said Nick Cooper, chairman, Savills IM.

'The DRC team is highly regarded in the industry with an impressive track record and the combination with Savills IM will enable us to provide our investors with product access to the entire real estate capital structure.'

Founded in 2012 by Dale Lattanzio, Rob Clayton and Cyrus Korat, DRC has arranged over £2.6 bn of debt investments since inception and currently has assets under management of £2 bn across senior debt, high yield and whole loan products.

Lattanzio will join the Savills IM Global Executive Committee while members of the Savills IM senior leadership team will be appointed to the DRC Management Committee.

'Savills IM and DRC is a compelling fit in terms of our visions to serve investors who are increasingly seeking a single point of access to the capital structure. We are delighted to join forces with such a respected brand in the real estate sector to offer a comprehensive debt finance platform,' Lattanzio conlcuded.


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