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.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
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.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.