Construction & real estate industry deals in Q1 2019 total $52.7bn globally

30 April 2019 (Last Updated April 30th, 2019 08:11)

Construction & real estate industry deals in Q1 2019 total $52.7bn globally

Total construction & real estate industry deals for Q1 2019 worth $52.7bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 47.3% over the previous quarter and a drop of 40.2% when compared with the last four-quarter average of $88.08bn.

In terms of number of deals, the sector saw a drop of 0.2% over the last four-quarter average with 583 deals against the average of 584 deals.

In value terms, Europe led the activity with deals worth $21.16bn.

Construction & real estate industry deals in Q1 2019: Top deals

The top five construction & real estate deals accounted for 51.3% of the overall value during Q1 2019.

The combined value of the top five construction & real estate deals stood at $27.01bn, against the overall value of $52.7bn recorded for the quarter. The top announced construction & real estate deal tracked by GlobalData in Q1 2019 was FFIL SNIEZKA’s $9.05bn acquisition of Poli-farbe Vegyipari Korlatolt Felelossegu Tarsasag.

In second place was the $8.12bn acquisition of Ascendas and Singbridge by CapitaLand and in third place was Touchstone Capital Partners’ $5.63bn private equity deal with FinEstBay Area Development.

The $2.2bn merger of Cousins Properties and TIER REIT and Jones Lang LaSalle’s acquisition of HFF for $2bn 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.