Construction & real estate industry M&A deals in Q2 2019 total $5.36bn in China

18 July 2019 (Last Updated July 18th, 2019 07:21)

Construction & real estate industry M&A deals in Q2 2019 total $5.36bn in China

Total construction & real estate industry M&A deals in Q2 2019 worth $5.36bn were announced in China, according to GlobalData’s deals database.

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The value marked an increase of 55.6% over the previous quarter and a rise of 29.6% when compared with the last four-quarter average of $4.18bn.

China held a 19.3% share of the global construction & real estate industry M&A deal value that totalled $27.83bn in Q2 2019.

In terms of deal activity, China recorded 52 deals during Q2 2019, marking a rise of 13.04% over the previous quarter and a rise of 33.3% over the last four-quarter average.

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

The top five construction & real estate industry M&A deals accounted for 60.5% of the overall value during Q2 2019.

The combined value of the top five construction & real estate industry M&A deals stood at $3.24bn, against the overall value of $5.36bn recorded for the quarter. The top announced construction & real estate industry M&A 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 Shimao Property Holdings’ acquisition of Zengcheng Litao Real Estate for $465.57m 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.