Total construction & real estate industry M&A deals in Q2 2019 worth $27.83bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 18.9% over the previous quarter and a drop of 43.7% when compared with the last four-quarter average, which stood at $49.5bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $13.34bn. At the country level, China topped the list in terms of deal value at $5.36bn.
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 Q2 2019 was the US with 147 deals, followed by China with 52 and the UK with 51.
In 2019, as of the end of Q2 2019, construction & real estate M&A deals worth $61.71bn were announced globally, marking a decrease of 67.6% year on year.
Construction & real estate industry M&A deals in Q2 2019: Top deals
The top five construction & real estate industry M&A deals accounted for 39.9% of the overall value during Q2 2019.
The combined value of the top five construction & real estate industry M&A deals stood at $11.09bn, against the overall value of $27.83bn recorded for the quarter. The top announced construction & real estate industry M&A 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 SIGNA's stake acquisition of Galeria Karstadt Kaufhof for $1.13bn 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.