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  1. Deals Analysis
July 22, 2021

Construction & Real Estate industry M&A deals total $3.3bn in Asia-Pacific in June 2021

Total construction & real estate industry M&A deals worth $3.3bn were announced in Asia-Pacific in June 2021, led by Jungheung Construction’s $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction, according to GlobalData’s deals database.

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The value marked a decrease of 56.8% over the previous month of $7.54bn and a drop of 12.8% when compared with the last 12-month average of $3.74bn.

Asia-Pacific held a 19.70% share of the global construction & real estate industry M&A deal value that totalled $16.55bn in June 2021. With an 11.54% share and deals worth $1.91bn, Republic of Korea (South Korea) 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 39 deals during June 2021, marking a decrease of 32.76% over the previous month and a drop of 37.10% over the 12-month average. China recorded 12 deals during the month.

Asia-Pacific construction & real estate industry M&A deals in June 2021: Top deals

The top five construction & real estate industry M&A deals accounted for 78.1% of the overall value during June 2021.

The combined value of the top five construction & real estate deals stood at $2.54bn, against the overall value of $3.3bn recorded for the month.

The top five construction & real estate industry M&A deals of June 2021 tracked by GlobalData were:

1) Jungheung Construction’s $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction

2) The $198.69m acquisition of Lian Beng Group by Ong Sek Chong & Sons

3) China Jinmao Holdings Group’s $190.82m acquisition of 29.9% stake in China VAST Industrial Urban DevelopmentLimited

4) The $134.49m acquisition of Lendlease Asian Retail Investment Fund three by RBC Investor Services Trust Singapore

5) RBC Investor Services Trust Singapore’s acquisition of 19.8% stake in Lendlease Jem Partners Fund for $120.07m.

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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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