China’s construction & real estate deals in Q1 2021: Deals Analysis
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China’s construction & real estate sees a drop of 42.23% in deal activity in Q1 2021

05 May 2021

Led by $989.76m acquisition of Shanghai Xinbao Enterprise Management, China’s construction & real estate industry saw a drop of 42.23% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 53 deals worth $4.08bn were announced in Q1 2021, compared with the last four-quarter average of 91.75 deals.

M&A was the leading category in the quarter with 47 deals which accounted for 88.7% of all deals.

In second place was venture financing with five deals, followed by private equity with one transactions, respectively accounting for 9.4% and 1.9% of overall deal activity in the China’s construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in China’s construction & real estate industry with total deals worth $4.06bn, while venture financing and private equity deals totalled $27.63m and $0.07m, respectively.

China construction & real estate industry deals in Q1 2021: Top deals

The top five construction & real estate industry deals accounted for 65.9% of the overall value during Q1 2021.

The combined value of the top five construction & real estate deals stood at $2.69bn, against the overall value of $4.08bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

1) Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management

2) The $748.8m acquisition of Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited

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

4) The $247.31m acquisition deal with Beijing Fraser Suites Real Estate Management by Shanghai Fu Ting

5) Jinbi Property’s acquisition of Ningbo Yatai Hotel Property Services for $231.93m.

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.