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.

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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.