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  1. Deals Analysis
April 28, 2022

Construction & Real Estate industry M&A deals total $8bn globally in March 2022

By Carmen

Total construction & real estate industry M&A deals worth $8bn were announced globally in March 2022, led by Benedict Real Estate Bidco’s $1.52bn acquisition of Hibernia REIT, according to GlobalData’s deals database.

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The value marked a decrease of 27.5% over the previous month of $11.09bn and a drop of 53.6% when compared with the last 12-month average, which stood at $17.32bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $4.33bn. At the country level, the UK topped the list in terms of deal value at $2.12bn.

In terms of volumes, Europe emerged as the top region for construction & real estate industry M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in March 2022 was the US with 48 deals, followed by the UK with 23 and China with 17.

In 2022, as of March, construction & real estate M&A deals worth $29.66bn were announced globally, marking an increase of 16.1% year on year.

construction & real estate industry M&A deals in March 2022: Top deals

The top five M&A deals accounted for 59.5% of the overall value during March 2022.

The combined value of the top five construction & real estate M&A deals stood at $4.78bn, against the overall value of $8bn recorded for the month.

The top five construction & real estate industry M&A deals of March 2022 tracked by GlobalData were:

1) Benedict Real Estate Bidco $1.52bn acquisition deal with Hibernia REIT

2) The $996.67m acquisition of Shanghai Fosun Bund Real Estate by Zhejiang Fosun Commercial Development

3) Broadgate Five Holdings (Jersey) $958.22m acquisition deal with Bluebutton Holdco 5 Broadgate (Jersey)

4) The $734.8m acquisition of 30% stake in Zinus by Hyundai Department Store

5) Workspace Group $574.86m acquisition deal with McKay Securities

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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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