Savills IM announces completion of transformational strategic alliance with Samsung Life  

31 December 2021

London 31st December 2021, Savills Investment Management (Savills IM), the international real estate investment manager, today announces the completion of its strategic alliance with Samsung Life, the leading 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% minority interest in Savills IM for £63.75m paid in cash and an agreement to commit capital of US$1bn 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% 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 US$2bn of capital is committed during the Initial Term.


Mark Ridley, CEO of Savills plc, said:

“Completion of this transaction will allow the strengths of both Savills Group and Samsung Life to drive further growth in the Savills Investment Management platform. Samsung Life is a long-standing client of Savills, both in Korea and internationally, and we look forward to forging a close working relationship over the coming years.”


Alex Jeffrey, CEO of Savills Investment Management, said:

“We are delighted to have completed this ground-breaking alliance. We warmly welcome Samsung Life as a new shareholder in our business.  In anticipation of the completion, we have been already working together intensively to bring forward a range of new products in both debt and equity real estate and we look forward to the future together with great confidence.”

Youngmuk Jeon, Chief Executive Officer of Samsung Life, said:

“We are excited about the new partnership. Savills IM is one of the most prominent real estate managers with a strong brand, high calibre investment experts, and a quality investor base across the globe. I firmly believe that this partnership will be an important milestone for Samsung Life. It will significantly contribute to further diversifying our portfolio and developing our asset management business more globally.”


Seungho Lee, Chief Investment Officer of Samsung Life, added:

“This transaction will be win-win for all stakeholders by strengthening competencies and providing new business opportunities. In particular, I expect that this partnership will create a significant synergy between Savills IM and Samsung SRA. We look forward to working together closely to thrive and succeed.”


Citigate Dewe Rogerson

Patrick Evans | Alex Hogan

+44 (0) 20 7025 6400

“Completion of this transaction will allow the strengths of both Savills Group and Samsung Life to drive further growth in the Savills Investment Management platform.”