Construction & real estate industry M&A deals in Q1 2019 total $3.36bn in China

6 June 2019 (Last Updated June 6th, 2019 05:26)

Construction & real estate industry M&A deals in Q1 2019 total $3.36bn in China

Total construction & real estate industry M&A deals in Q1 2019 worth $3.36bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 33.5% over the previous quarter and a drop of 45.6% when compared with the last four-quarter average of $6.17bn.

China held an 8.01% share of the global construction & real estate industry M&A deal value that totalled $41.97bn in Q1 2019.

In terms of deal activity, China recorded 43 deals during Q1 2019, marking an increase of 7% over the previous quarter and a rise of 19.4% over the last four-quarter average.

China construction & real estate industry M&A deals in Q1 2019: Top deals

The top five construction & real estate industry M&A deals accounted for 77.5% of the overall value during Q1 2019.

The combined value of the top five construction & real estate industry M&A deals stood at $2.6bn, against the overall value of $3.36bn recorded for the quarter. The top announced construction & real estate industry M&A deal tracked by GlobalData in Q1 2019 was Sunac Real Estate Group’s $1.85bn acquisition of Oceanwide Construction Group.

In second place was the $227m acquisition of Baoding Taihang Heyi Cement, Handan Shexian BBMG Cement, Lanxian BBMG Cement, Lingchuan BBMG Cement, Qinyang BBMG Cement, Xuanhua BBMG Cement and Zhuoquan BBMG Cement by Tangshan Jidong Cement and in third place was Danke Apartment’s $200m acquisition of Love to Rent.

The $175.76m stake acquisition of Mingliu Properties Wuhan by Redsun Properties Group and Greenland Property Group’s stake acquisition of Shanghai Kaitai Property Development for $149.53m held fourth and fifth positions, respectively.

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.