Total construction & real estate industry cross border deals worth $4.54bn were announced globally for March 2021, with the $1.99bn acquisition of Hong Da Development & Investment Holding being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 35.5% over the previous month of $3.35bn and a drop of 27.01% when compared with the last 12-month average of $6.22bn.
In terms of number of cross border deals, the sector saw a rise of 18.60% with 51 deals in March 2021 when compared to the last 12-month average of 43 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $3.02bn in March 2021.
Construction & Real Estate industry cross border deals in March 2021: Top deals
The top five cross border deals accounted for 82% of the overall value during March 2021.
The combined value of the top five cross border deals stood at $3.73bn, against the overall value of $4.54bn recorded for the month.
The top five construction & real estate industry cross border deals of March 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $761.64m acquisition of Logic Capital by Kaisa Group Holdings
3) Swiss Life Asset Managers’ $513.17m private equity deal with Threestones Capital Management
4) The $245m acquisition deal of Custom Molded Products by Fluidra
5) Aldar Properties’ acquisition deal with Sixth Of October For Development Investment Company SODIC for $214.2m.
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.