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  1. Deals Analysis
July 21, 2021

Asia-Pacific’s construction & real estate industry saw a drop of 40.28% in deal activity during June 2021

Asia-Pacific’s construction & real estate industry saw a drop of 40.28% in deal activity during June 2021, when compared with the last 12-month average, led by The Blackstone Group’s $5.5bn acquisition of Soho China, according to GlobalData’s deals database.

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A total of 43 construction & real estate industry deals worth $8.9bn were announced for the region in June 2021, against the 12-month average of 72 deals.

Of all the deal types, M&A saw most activity in June 2021 with 39 transactions, representing a 90.7% share for the region.

In second place was private equity with two deals, followed by venture financing deals with two transactions, respectively capturing a 4.7% and 4.7% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Asia-Pacific’s construction & real estate industry with $5.5bn, while M&A and venture financing deals totalled $3.26bn and $140.66m, respectively.

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

The top five construction & real estate deals accounted for 89.1% of the overall value during June 2021.

The combined value of the top five construction & real estate deals stood at $7.92bn, against the overall value of $8.9bn recorded for the month.

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

1) The Blackstone Group’s $5.5bn private equity deal with Soho China

2) The $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction by Jungheung Construction

3) Ong Sek Chong & Sons’ $198.69m acquisition of Lian Beng Group

4) The $190.82m acquisition of 29.90% stake in China VAST Industrial Urban DevelopmentLimited by China Jinmao Holdings Group

5) RBC Investor Services Trust Singapore’s acquisition of 19.8% stake in Lendlease Asian Retail Investment Fund three for $134.49m.

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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.

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