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Asia-Pacific’s construction & real estate industry saw a drop of 16.03% in deal activity in Q1 2021

04 May 2021 (Last Updated May 4th, 2021 15:10)

Led by $1.99bn acquisition of Hong Da Development & Investment Holding, Asia-Pacific’s construction & real estate industry saw a drop of 16.03% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 186 deals worth $8.65bn were announced for the region during Q1 2021, against the last four-quarter average of 221.50 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 157 deals, representing an 84.4% share for the region.

In second place was venture financing with 21 deals, followed by private equity deals with eight transactions, respectively capturing an 11.3% and 4.3% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s construction & real estate industry with $8.56bn, while venture financing and private equity deals totalled $56.95m and $32.76m, respectively.

Asia-Pacific construction & real estate industry deals in Q1 2021: Top deals

The top five construction & real estate deals accounted for a 57.4% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $4.97bn, against the overall value of $8.65bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding

2) The $989.76m acquisition of Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)

3) Kaisa Group Holdings’ $761.64m acquisition of Logic Capital

4) The $748.8m acquisition deal with Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited

5) Guangzhou Jinmao Properties’ acquisition of Guangzhou Wanzhi Real Estate for $474.69m.