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  1. Deals Analysis
February 23, 2021

Construction & Real Estate industry M&A deals total $999.78m in Asia-Pacific in January 2021

Total construction & real estate industry M&A deals worth $999.78m were announced in Asia-Pacific in January 2021, led by Shanghai Fu Ting’s $247.31m acquisition of Beijing Fraser Suites Real Estate Management, according to GlobalData’s deals database.

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The value marked a decrease of 78.4% over the previous month of $4.62bn and a drop of 80.9% when compared with the last 12-month average of $5.24bn.

Asia-Pacific held an 11.32% share of the global construction & real estate industry M&A deal value that totalled $8.83bn in January 2021. With a 9.29% share and deals worth $820.43m, 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 26 deals during January 2021, marking a decrease of 67.09% over the previous month and a drop of 58.73% over the 12-month average. China recorded 11 deals during the month.

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

The top five construction & real estate industry M&A deals accounted for 88.4% of the overall value during January 2021.

The combined value of the top five construction & real estate deals stood at $883.34m, against the overall value of $999.78m recorded for the month.

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

1) Shanghai Fu Ting’s $247.31m acquisition of Beijing Fraser Suites Real Estate Management

2) The $231.93m acquisition of Ningbo Yatai Hotel Property Services by Jinbi Property

3) Guangdong Hejing Youhuo Holdings Group’s $203.03m acquisition of Cedar Technology Group

4) The $156.03m acquisition of PT Cempaka Surya Kencana by PT HK Realtindo

5) Shoujin Huizhi (Tianjin) Property DevelopmentLimited’s acquisition of Tongxiang Ping An New Economy City Development for $45.04m.

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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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