Construction & Real Estate industry M&A deals activity in Asia-Pacific - Q1 2021
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Construction & Real Estate industry M&A deals total $8.56bn in Asia-Pacific in Q1 2021

11 May 2021

Total construction & real estate industry M&A deals worth $8.56bn were announced in Asia-Pacific in Q1 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 a decrease of 66.4% over the previous quarter and a drop of 52.9% when compared with the last four-quarter average of $18.18bn.

Asia-Pacific held a 22.86% share of the global construction & real estate industry M&A deal value that totalled $37.45bn in Q1 2021. With a 10.84% share and deals worth $4.06bn, China was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.

In terms of deal activity, Asia-Pacific recorded 157 deals during Q1 2021, marking a decrease of 31.44% over the previous quarter and a drop of 17.59% over the last four-quarter average. China recorded 47 deals during the quarter.

Asia-Pacific construction & real estate industry M&A deals in Q1 2021: Top deals

The top five construction & real estate industry M&A deals accounted for 58.01% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $4.97bn, against the overall value of $8.56bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

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

2) The $989.76m acquisition of 50% stake in Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)

3) Kaisa Group Holdings’ $761.64m acquisition of 100% stake in Logic Capital

4) The $748.8m acquisition of 64.62% stake in Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited

5) Guangzhou Jinmao Properties’ acquisition of 49% stake in Guangzhou Wanzhi Real Estate for $474.69m.

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.