Total construction & real estate industry M&A deals worth $1.1bn were announced in Asia-Pacific in April 2021, led by Centuria Capital Group’s $407.66m acquisition of Primewest Group, according to GlobalData’s deals database.
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The value marked a decrease of 73.9% over the previous month of $4.29bn and a drop of 77.9% when compared with the last 12-month average of $5.07bn.
Asia-Pacific held a 3.16% share of the global construction & real estate industry M&A deal value that totalled $35.47bn in April 2021. With a 1.22% share and deals worth $434.19m, Australia was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, Asia-Pacific recorded 40 deals during April 2021, marking a decrease of 43.66% over the previous month and a drop of 38.46% over the 12-month average. Malaysia recorded ten deals during the month.
Asia-Pacific construction & real estate industry M&A deals in April 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 68.8% of the overall value during April 2021.
The combined value of the top five construction & real estate deals stood at $773.98m, against the overall value of $1.1bn recorded for the month.
The top five construction & real estate industry M&A deals of April 2021 tracked by GlobalData were:
1) Centuria Capital Group’s $407.66m acquisition of Primewest Group
2) The $218.08m acquisition of Ghaziabad Aligarh Expressway by Cube Highways and Infrastructure Pte.
3) Relo Group’s $77.74m acquisition of Gran Interior, Nissho Management Service and Nissho Vecs
4) The $41.84m acquisition of 10.5% stake in Straits Real Estate Pte. by STC Capital
5) UT Group’s acquisition of Progress Group for $28.66m.
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.