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Asia-Pacific’s construction & real estate industry saw a drop of 60.81% in deal activity during January 2021

18 Feb 2021 (Last Updated February 18th, 2021 15:40)

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.