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  1. Deals Analysis
April 29, 2021

China’s construction & real estate industry sees a drop of 26.67% in deal activity in March 2021

China’s construction & real estate industry saw a drop of 26.67% in overall deal activity during March 2021, when compared with the last 12-month average, led by Guangzhou Jinmao Properties’ $474.69m acquisition of Guangzhou Wanzhi Real Estate, according to GlobalData’s deals database.

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A total of 22 deals worth $1.08bn were announced in March 2021, compared with the 12-month average of 30 deals.

M&A was the leading category in the month in terms of volume with 18 deals, which accounted for 81.8% of all deals.

In second place was venture financing with four deals accounting for 18.2% 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 $1.05bn, followed by venture financing deals totalled $27.63m.

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

The top five construction & real estate industry deals accounted for 90.8% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $975.98m, against the overall value of $1.08bn recorded for the month.

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

1) Guangzhou Jinmao Properties’ $474.69m acquisition of Guangzhou Wanzhi Real Estate

2) The $196.82m acquisition of Yida Property Service by Longfor Jiayue Property ServiceLimited

3) Longhu Jiayue Property Services’ $196.82m acquisition of Yida Service Group

4) The $59.43m acquisition deal with Foshan Shiwan Eagle Ceramics by Guangdong Tianan New Materials

5) Yangzhou Huacheng Real Estate Development’s acquisition of Yangzhou Feifan Real Estate Development for $48.23m.

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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.

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