Construction & real estate industry M&A deals in October 2019 total $21.35bn globally

14 November 2019 (Last Updated November 14th, 2019 10:51)

Construction & real estate industry M&A deals in October 2019 total $21.35bn globally

Total construction & real estate industry M&A deals in October 2019 worth $21.35bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 51.6% over the previous month and a rise of 85.7% when compared with the last 12-month average, which stood at $11.49bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $14.58bn. At the country level, the US topped the list in terms of deal value at $13.97bn.

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

The top country in terms of M&A deals activity in October 2019 was the US with 51 deals, followed by the UK with 18 and China with 17.

In 2019, as of the end of October 2019, construction & real estate M&A deals worth $124.08bn were announced globally, marking a decrease of 53.05% year on year.

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

The top five construction & real estate industry M&A deals accounted for 81.5% of the overall value during October 2019.

The combined value of the top five construction & real estate M&A deals stood at $17.41bn, against the overall value of $21.35bn recorded for the month.

The top five construction & real estate industry deals of October 2019 tracked by GlobalData were:

1) Prologis’ $12.6bn acquisition of Liberty Property Trust

2) The $2.99bn acquisition of Keppel by Kyanite Investment Holdings

3) MI Windows and Doors's $725m acquisition of Milgard Manufacturing

4) The $564.8m asset transaction with Future Enterprises by Future Retail

5) Telus’ acquisition of ADT Security Services Canada for $528.63m.

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.