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Savills IM completes strategic alliance with Samsung Life

Savills Investment Management (Savills IM), an international real estate investment manager, has completed its strategic alliance with Samsung Life, a life insurer in Korea, and its real estate asset management subsidiary, Samsung SRA.

The partnership will allow Savills IM to grow existing products across real estate equity and debt, as well as paving the way for the launch of new strategies targeting asset classes including European Logistics and Living.

Completion of the transaction sees Samsung Life acquire a 25 per cent minority interest in Savills IM for GBP63.75 million paid in cash and an agreement to commit capital of USD1 billion over the initial four years (“Initial Term”) of the relationship to Savills IM’s investment strategies. Samsung Life has options to increase its interest in Savills IM by up to a further 10 per cent over the Initial Term, depending upon the quantum and timing of the provision of capital to Savills IM’s investment products, the maximum being achievable if at least USD2 billion of capital is committed during the Initial Term.

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