Construction & real estate industry M&A deals in March 2019 total $10.44bn globally

29 April 2019 (Last Updated April 29th, 2019 10:31)

Construction & real estate industry M&A deals in March 2019 total $10.44bn globally

Total construction & real estate industry M&A deals in March 2019 worth $10.44bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 31.03% over the previous month and a drop of 54.4% when compared with the last 12-month average, which stood at $22.9bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.5bn. At the country level, the US topped the list in terms of deal value at $4.49bn.

In terms of volumes, Asia-Pacific emerged as the top region for construction & real estate industry M&A deals globally, followed by North America and then Europe.

The top country in terms of M&A deals activity in March 2019 was the US with 53 deals, followed by China with 16 and Japan with ten.

In 2019, as of the end of March 2019, construction & real estate M&A deals worth $41.97bn were announced globally, marking a decrease of 64.6% year on year.

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

The top five construction & real estate industry M&A deals accounted for 69.5% of the overall value during March 2019.

The combined value of the top five construction & real estate industry M&A deals stood at $7.26bn, against the overall value of $10.44bn recorded for the month. The top announced construction & real estate industry M&A deal tracked by GlobalData in March 2019 was $2.2bn merger of Cousins Properties and TIER REIT.

In second place was the $2bn acquisition of HFF by Jones Lang LaSalle and in third place was Times Holdings II’s $1.97bn acquisition of Hong Kong International Construction Investment Management Group.

The $568.21m acquisition of Agta Record by Assa Abloy and Cube Highways and Infrastructure III’s acquisition of Da Toll Road for $516.96m 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.