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

28 Apr 2021 (Last Updated April 28th, 2021 14:42)

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.