China’s construction & real estate industry sees a rise of 18% in deal activity in Q2 2019

18 July 2019 (Last Updated July 18th, 2019 13:31)

China’s construction & real estate industry sees a rise of 18% in deal activity in Q2 2019

China's construction & real estate industry saw a rise of 18% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 59 deals worth $6.04bn were announced in Q2 2019, compared to the last four-quarter average of 50 deals.

M&A was the leading category in the quarter with 52 deals which accounted for 88.1% of all deals.

In second place was venture financing with seven deals, followed by with transactions, respectively accounting for 11.9% and % of overall deal activity in the country's construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in China's construction & real estate industry with total deals worth $5.36bn, while private equity and venture financing deals totalled $678.75m and , respectively.

China construction & real estate industry deals in Q2 2019: Top deals

The top five construction & real estate deals accounted for 54.2% of the overall value during Q2 2019.

The combined value of the top five construction & real estate industry deals stood at $3.27bn, against the overall value of $6.04bn recorded for the quarter. The top announced China construction & real estate industry deal tracked by GlobalData in Q2 2019 was City Developments’ $799.59m stake acquisition of Sincere Property Group.

In second place was the $782.64m acquisition of Lander Real Estate by Chengdu Sports Investment Group and in third place was Jiayuan International Group's $601.72m acquisition of Huiyuan Investment.

The $590.08m acquisition of Wuhu South Cement by Anhui Conch CementLimited and General Atlantic, Sequoia Capital China, Tencent Holdings and Tiantu Capital's venture financing of Beijing Freedom Information Technology for $500m held fourth and fifth positions, respectively.

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.