Asia-Pacific’s construction & real estate industry saw a drop of 60.81% in deal activity during January 2021, when compared with the last 12-month average, led by Shanghai Fu Ting’s $247.31m acquisition of Beijing Fraser Suites Real Estate Management, according to GlobalData’s deals database.
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A total of 29 construction & real estate industry deals worth $1.01bn were announced for the region in January 2021, against the 12-month average of 74 deals.
Of all the deal types, M&A saw most activity in January 2021 with 26 transactions, representing an 89.7% share for the region.
In second place was private equity with two deals, followed by venture financing deals with one transactions, respectively capturing a 6.9% and 3.5% 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 $999.78m, while venture financing and private equity deals totalled $13.5m and $0.07m, respectively.
Asia-Pacific construction & real estate industry deals in January 2021: Top deals
The top five construction & real estate deals accounted for 87.2% of the overall value during January 2021.
The combined value of the top five construction & real estate deals stood at $883.34m, against the overall value of $1.01bn recorded for the month.
The top five construction & real estate industry deals of January 2021 tracked by GlobalData were:
1) Shanghai Fu Ting’s $247.31m acquisition of Beijing Fraser Suites Real Estate Management
2) The $231.93m acquisition deal with Ningbo Yatai Hotel Property Services by Jinbi Property
3) Guangdong Hejing Youhuo Holdings Group’s $203.03m acquisition of Cedar Technology Group
4) The $156.03m acquisition of PT Cempaka Surya Kencana by PT HK Realtindo
5) Shoujin Huizhi (Tianjin) Property DevelopmentLimited’s acquisition of Tongxiang Ping An New Economy City Development for $45.04m.
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.