Construction & real estate industry deals in March 2019 total $18.82bn globally

29 April 2019 (Last Updated April 29th, 2019 13:46)

Construction & real estate industry deals in March 2019 total $18.82bn globally

Total construction & real estate industry deals for March 2019 worth $18.82bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 13.9% over the previous month and a drop of 32.8% when compared with the last 12-month average of $28.02bn.

In terms of number of deals, the sector saw a rise of 12.04% over the last 12-month average with 214 deals against the average of 191 deals.

In value terms, Europe led the activity with deals worth $6.91bn.

Construction & real estate industry deals in March 2019: Top deals

The top five construction & real estate deals accounted for 68.04% of the overall value during March 2019.

The combined value of the top five construction & real estate deals stood at $12.8bn, against the overall value of $18.82bn recorded for the month. The top announced construction & real estate deal tracked by GlobalData in March 2019 was Touchstone Capital Partners’ $5.63bn private equity deal with FinEstBay Area Development.

In second place was the $2.2bn merger of Cousins Properties and TIER REIT and in third place was Jones Lang LaSalle’s $2bn acquisition of HFF.

The $1.97bn acquisition of Hong Kong International Construction Investment Management Group by Times Holdings II and CCMP Capital Advisors’ private equity deal with Brookfield Global Integrated Solutions Canada for $1bn held fourth and fifth positions, respectively.

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.