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  1. Deals Analysis
April 25, 2022

Asia-Pacific’s construction & real estate industry saw a drop of 6.15% in deal activity during March 2022

By Nikitha Ladda

Asia-Pacific’s construction & real estate industry saw a drop of 6.15% in deal activity during March 2022, when compared with the last 12-month average, led by Qatar Investment Authority’s $1.92bn acquisition of PR1MAMalaysia (PR1MA), according to GlobalData’s deals database.

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A total of 61 construction & real estate industry deals worth $5.8bn were announced for the region in March 2022, against the 12-month average of 65 deals.

Of all the deal types, M&A saw most activity in March 2022 with 46 transactions, representing a 75.4% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with five transactions, respectively capturing a 16.4% and 8.2% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s construction & real estate industry with $3.04bn, while private equity and venture financing deals totalled $2.72bn and $45.14m, respectively.

Asia-Pacific construction & real estate industry deals in March 2022: Top deals

The top five construction & real estate deals accounted for 83.02% of the overall value during March 2022.

The combined value of the top five construction & real estate deals stood at $4.82bn, against the overall value of $5.8bn recorded for the month.

The top five construction & real estate industry deals of March 2022 tracked by GlobalData were:

1) Qatar Investment Authority $1.92bn private equity deal with PR1MAMalaysia (PR1MA)

2) The $996.67m acquisition of Shanghai Fosun Bund Real Estate by Zhejiang Fosun Commercial Development

3) Hillhouse Investment and Warburg Pincus $800m private equity deal with JD Property

4) The $734.8m acquisition of 30% stake in Zinus by Hyundai Department Store

5) Aware Super $368.21m acquisition of 25% stake in Lendlease Retirement Living Trust

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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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