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  1. Deals Analysis
September 28, 2021

China’s construction & real estate industry sees a drop of 15.38% in deal activity in August 2021

China’s construction & real estate industry saw a drop of 15.38% in overall deal activity during August 2021, when compared with the last 12-month average, led by Hunan Friendship Apollo Commercial’s $76.86m acquisition of 41.5% stake in Hunan Shaoyang Friendship Apollo, according to GlobalData’s deals database.

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A total of 22 deals worth $486.1m were announced in August 2021, compared with the 12-month average of 26 deals.

M&A was the leading category in the month in terms of volume with 19 deals, which accounted for 86.4% of all deals.

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In second place was venture financing with three deals accounting for 13.6% of overall deal activity in the China’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in China’s construction & real estate industry with total deals worth $485.53m, followed by venture financing deals totalled $0.61m.

China construction & real estate industry deals in August 2021: Top deals

The top five construction & real estate industry deals accounted for 63.3% of the overall value during August 2021.

The combined value of the top five construction & real estate deals stood at $307.59m, against the overall value of $486.1m recorded for the month.

The top five construction & real estate industry deals of August 2021 tracked by GlobalData were:

1) Hunan Friendship Apollo Commercial $76.86m acquisition deal for 41.5% stake in Hunan Shaoyang Friendship Apollo

2) The $59.13m acquisition of 60% stake in Xiamen Tengwangge Real Estate Development by Xiamen Tungsten

3) Guangdong Dongyiwan Group $58.77m acquisition deal with Foshan Pulida Technology

4) The $57.01m acquisition of 70% stake in Hebei Changrunda Environmental Engineering by Kaisa Prosperity

5) Jingneng Real Estate $55.82m acquisition deal with Beijing Lifu Real Estate Development

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