Construction & real estate industry M&A deals in Q3 2020 total $4.67bn in China

9 November 2020 (Last Updated November 9th, 2020 16:11)

Construction & real estate industry M&A deals in Q3 2020 total $4.67bn in China

Total construction & real estate industry M&A deals in Q3 2020 worth $4.67bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 24.5% over the previous quarter and a drop of 20.5% when compared with the last four-quarter average of $5.89bn.

China held a 23.2% share of the global construction & real estate industry M&A deal value that totalled $20.17bn in Q3 2020.

In terms of deal activity, China recorded 65 deals during Q3 2020, marking a drop of 20.7% over the previous quarter and a rise of 3.2% over the last four-quarter average.

China construction & real estate industry M&A deals in Q3 2020: Top deals

The top five construction & real estate industry M&A deals accounted for 55.04% of the overall value during Q3 2020.

The combined value of the top five construction & real estate M&A deals stood at $2.57bn, against the overall value of $4.67bn recorded for the month.

The top five construction & real estate industry deals of Q3 2020 tracked by GlobalData were:

1) Alibaba Group Holding's $824m acquisition of E-House (China)

2) The $769m merger of Orisun Acquisition and UCOMMUNE (Beijing) Venture Investment by

3) China Vanke's $342.58m acquisition of Tahoe Group

4) The $338.8m acquisition of Shenzhen CIMC Skyspace Real Estate Development by Xi’an Qujiang Cultural Industry Investment (Group)

5) Shenzhen Run Investment Consulting's acquisition of Guangzhou Zhentong DevelopmentLimited for $297.75m.

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.