Total construction & real estate industry deals for Q2 2019 worth $31.61bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 30.7% over the previous quarter and a drop of 52.1% when compared with the last four-quarter average of $66.05bn.
In terms of number of deals, the sector saw a drop of 0.5% over the last four-quarter average with 574 deals against the average of 571 deals.
In value terms, Asia-Pacific led the activity with deals worth $14.11bn.
Construction & real estate industry deals in Q2 2019: Top deals
The top five construction & real estate deals accounted for 35.6% of the overall value during Q2 2019.
The combined value of the top five construction & real estate deals stood at $11.26bn, against the overall value of $31.61bn recorded for the quarter. The top announced construction & real estate deal tracked by GlobalData in Q2 2019 was $2.88bn merger of OUE Commercial REIT Management and OUE Hospitality Trust Management.
In second place was the $2.7bn acquisition of Chesapeake Lodging Trust by Park Hotels & Resorts and in third place was TITAN Cement International's $2.4bn acquisition of Titan CementSA.
The $1.98bn acquisition of Holcim Philippines by First Stronghold Cement Industries and I Squared Capital Advisors’ private equity deal with Domidep for $1.3bn held fourth and fifth positions, respectively.
Verdict deals analysis methodology
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.