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  1. Deals Analysis
April 28, 2021

Construction & Real Estate industry M&A deals total $4.25bn in Asia-Pacific in March 2021

Total construction & real estate industry M&A deals worth $4.25bn were announced in Asia-Pacific in March 2021, led by Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding, according to GlobalData’s deals database.

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The value marked an increase of 52.9% over the previous month of $2.78bn and a drop of 11.8% when compared with the last 12-month average of $4.82bn.

Asia-Pacific held a 27.37% share of the global construction & real estate industry M&A deal value that totalled $15.53bn in March 2021. With an 18.61% share and deals worth $2.89bn, Hong Kong Special Administrative Region of 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 68 deals during March 2021, marking an increase of 30.77% over the previous month and a rise of 7.94% over the 12-month average. China recorded 18 deals during the month.

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

The top five construction & real estate industry M&A deals accounted for 85.3% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $3.62bn, against the overall value of $4.25bn recorded for the month.

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

1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding

2) The $761.64m acquisition of Logic Capital by Kaisa Group Holdings

3) Guangzhou Jinmao Properties’ $474.69m acquisition of Guangzhou Wanzhi Real Estate

4) The $196.82m acquisition of Yida Property Service by Longfor Jiayue Property ServiceLimited

5) Longhu Jiayue Property Services’ acquisition of Yida Service Group for $196.82m.

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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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