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Construction & Real Estate industry deals total $8.54bn globally in February 2021

16 Mar 2021 (Last Updated March 24th, 2021 15:02)

Total construction & real estate industry deals worth $8.54bn were announced globally for February 2021, with the $2.74bn acquisition of Forterra being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 63.7% over the previous month of $23.52bn and a drop of 56.1% when compared with the last 12-month average of $19.47bn.

In terms of number of deals, the sector saw a drop of 24.64% with 159 deals in February 2021 when compared to the last 12-month average of 211 deals.

In value terms, North America led the activity with deals worth $5.69bn in February 2021.

Construction & Real Estate industry deals in February 2021: Top deals

The top five deals accounted for 75.4% of the overall value during February 2021.

The combined value of the top five deals stood at $6.44bn, against the overall value of $8.54bn recorded for the month.

The top five construction & real estate industry deals of February 2021 tracked by GlobalData were:

1) Quikrete Holdings’ $2.74bn acquisition of Forterra

2) The $1.6bn private equity deal with Interior Logic Group by The Blackstone Group

3) Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management

4) The $608m acquisition deal of RentPath by Redfin

5) Zillow Group’s acquisition deal with for $500m.