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  1. Deals Analysis
March 24, 2022

Construction & Real Estate industry M&A deals total $2.6bn in Asia-Pacific in February 2022

By Carmen

Total construction & real estate industry M&A deals worth $2.6bn were announced in Asia-Pacific in February 2022, led by HOCHTIEF Australia’s $1.01bn acquisition of 21.42% stake in CIMIC Group, according to GlobalData’s deals database.

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The value marked a decrease of 21.7% over the previous month of $3.27bn and a drop of 27.7% when compared with the last 12-month average of $3.54bn.

Asia-Pacific held a 23.75% share of the global construction & real estate industry M&A deal value that totalled $10.78bn in February 2022. With a 9.37% share and deals worth $1.01bn, 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 34 deals during February 2022, marking a decrease of 34.62% over the previous month and a drop of 37.04% over the 12-month average. China recorded ten deals during the month.

Asia-Pacific construction & real estate industry M&A deals in February 2022: Top deals

The top five construction & real estate industry M&A deals accounted for 91.5% of the overall value during February 2022.

The combined value of the top five construction & real estate deals stood at $2.34bn, against the overall value of $2.6bn recorded for the month.

The top five construction & real estate industry M&A deals of February 2022 tracked by GlobalData were:

1) HOCHTIEF Australia $1.01bn acquisition deal for 21.4% stake in CIMIC Group

2) The $868m acquisition of 55% stake in Toshiba Carrier by Carrier Global

3) Hainan Sanya Jinshu Enterprise Management $271.46m acquisition deal with Shenzhen Hengyu Lianxiang Investment Development

4) The $122.83m acquisition of 50% stake in Classic Mall DevelopmentPrivate Limited by The Phoenix Mills

5) Zhejiang Beize GroupLimited $66.46m acquisition of 55% stake in Ningbo Hailiang Property InvestmentLimited

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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.

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