Samsung Life completed the acquisition of a 25% stake in Savills IM from Savills for £64m.

Samsung Life, a South Korean multinational insurance company, completed the acquisition of a 25% stake in Savills IM, the investment management business of Savills, a global real estate services provider, for £64m ($90m). "Samsung Life is excited to invest in Savills IM, one of Europe's leading real estate asset management platforms. We are confident that Savills IM is well positioned to help us expand our real estate investment network globally and that this strategic alliance, underpinned by our capital provision, will support and accelerate Savills IM's growth over the long term," Youngmuk Jeon, Samsung Life CEO.