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  1. Deals Analysis
April 30, 2022

Construction & Real Estate industry M&A deals total $3.04bn in Asia-Pacific in March 2022

By Carmen

Total construction & real estate industry M&A deals worth $3.04bn were announced in Asia-Pacific in March 2022, led by Zhejiang Fosun Commercial Development’s $996.67m acquisition of Shanghai Fosun Bund Real Estate, according to GlobalData’s deals database.

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The value marked an increase of 12.2% over the previous month of $2.71bn and a drop of 14.4% when compared with the last 12-month average of $3.55bn.

Asia-Pacific held a 37.81% share of the global construction & real estate industry M&A deal value that totalled $8.04bn in March 2022. With a 20.02% share and deals worth $1.61bn, China 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 46 deals during March 2022, marking an increase of 27.78% over the previous month and a drop of 13.21% over the 12-month average. China recorded 17 deals during the month.

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

The top five construction & real estate industry M&A deals accounted for 81.3% of the overall value during March 2022.

The combined value of the top five construction & real estate deals stood at $2.47bn, against the overall value of $3bn recorded for the month.

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

1) Zhejiang Fosun Commercial Development $996.67m acquisition deal with Shanghai Fosun Bund Real Estate

2) The $734.8m acquisition of 30% stake in Zinus by Hyundai Department Store

3) Aware Super $368.21m acquisition deal for 25% stake in Lendlease Retirement Living Trust

4) The $209.31m acquisition of 35% stake in C&D Property Management Group by C&D International Investment Group

5) China Overseas Grand Oceans Property GroupLimited $161.98m acquisition deal with Shantou Longguang Jingyao Real Estate

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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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