EDF Invest, the investment arm of global electricity leader Électricité de France (EDF SA), has entered into a joint venture (JV) with Savills Investment Management (Savills IM), the €26.2 billion (AUM) international real estate investment manager.
EDF will become a key partner for Savills IM’s Living platform, where it has acquired a 50% stake in the holding company of Savills IM’s European Living Fund (“EULIV”/” The Fund”) and made a significant equity commitment to the JV. Through this partnership, the JV aims to expand its portfolio to over €600 million GAV within the next two years, acquiring and managing multifamily and student accommodation assets across Europe.
The JV is seeded by EULIV’s c. €220 million portfolio of prime multifamily assets located in Germany, the Netherlands, Spain, and Sweden. EULIV, a core/core+ fund launched in 2023 and backed by Savills IM’s minority shareholder and investor Samsung Life, focuses on modern, sustainable residential assets across Europe. Since launch, the Fund has completed four transactions totalling 64,000 square metres. Patrick Au Yeung will be responsible for the portfolio management of the JV.
EDF Invest, which manages investments to support the French state’s long-term nuclear decommissioning commitments, currently holds and manages c. €11 billion of equity investments, including €1.5 billion in real estate. Its real estate strategy to date has focused on hospitality, offices, logistics & industrial, and retail assets. This partnership with Savills IM marks EDF Invest’s first major commitment to the European Living sector.
“Living” is a key strategic growth pillar for Savills IM, which currently manages a €2.8 billion portfolio of over 9,000 residential-rental units in the UK, Europe and Japan. The JV will work closely with Savills IM’s European platform, which has €22.0 billion of assets under management in multiple sectors and a team of over 300 across 12 offices*.
Source: press release received on 4 November 2025