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Construction & Real Estate industry M&A deals total $5.66bn in Europe in March 2021

28 Apr 2021 (Last Updated April 28th, 2021 18:28)

Total construction & real estate industry M&A deals worth $5.66bn were announced in Europe in March 2021, led by Corem Property Group’s $2.25bn acquisition of Klovern, according to GlobalData’s deals database.

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The value marked an increase of 804.1% over the previous month of $626.05m and a rise of 86.2% when compared with the last 12-month average of $3.04bn.

Europe held a 36.45% share of the global construction & real estate industry M&A deal value that totalled $15.53bn in March 2021. With a 14.55% share and deals worth $2.26bn, Sweden was the top country in Europe’s M&A deal value across construction & real estate industry.

In terms of M&A deal activity, Europe recorded 71 deals during March 2021, marking an increase of 20.34% over the previous month and a rise of 54.35% over the 12-month average. The UK recorded 31 deals during the month.

Europe construction & real estate industry M&A deals in March 2021: Top deals

The top five construction & real estate industry M&A deals accounted for 98.4% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $5.57bn, against the overall value of $5.66bn recorded for the month.

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

1) Corem Property Group’s $2.25bn acquisition of Klovern

2) The $2.11bn acquisition of ChelPipe by Trubnaya Metallurgicheskaya Kompaniya

3) Immofinanz’s $1.13bn acquisition of Sparkassen Immobilien

4) The $40.45m acquisition of J Browne ConstructionLimited by Renew

5) Recticel’s asset transaction with Gor-Stal for $35.82m.