Total construction & real estate industry cross border deals worth $20.2bn were announced globally for September 2022, with the GIC and Oak Street Real Estate Capital’s $18.65bn private equity deal with STORE Capital being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 1408.2% over the previous month of $1.34bn and a rise of 217.3% when compared with the last 12-month average of $6.37bn.
In terms of number of cross border deals, the sector saw a drop of 48.68% with 39 deals in September 2022 when compared to the last 12-month average of 76 deals.
In value terms, North America led the activity with cross border deals worth $18.68bn in September 2022.
Construction & Real Estate industry cross border deals in September 2022: Top deals
The top five cross border deals accounted for 98.5% of the overall value during September 2022.
The combined value of the top five cross border deals stood at $19.9bn, against the overall value of $20.2bn recorded for the month.
The top five construction & real estate industry cross border deals of September 2022 tracked by GlobalData were:
1) GIC and Oak Street Real Estate Capital’s $18.65bn private equity deal with STORE Capital
2) The $577.08m acquisition of 14.5% stake in HOCHTIEF by Actividades de Construccion y Servicios
3) NWS Holdings’s $275.68m acquisition deal for 40% stake in Guangxi Logan Guiwu Expressway
4) The $214m private equity of Saint-Gobain by Edgewater Capital Partners and SK Capital Partners
5) Chinachem Group’s $183.1m acquisition deal with Farringdon East (Jersey)
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.