North America’s construction & real estate industry saw a drop of 5.06% in deal activity during October 2021, when compared with the last 12-month average, led by Iris Acquisition II’s $5.7bn acquisition of Cominar Real Estate Investment Trust, according to GlobalData’s deals database.
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A total of 75 construction & real estate industry deals worth $9.3bn were announced for the region in October 2021, against the 12-month average of 79 deals.
Of all the deal types, M&A saw most activity in October 2021 with 53 transactions, representing a 70.7% share for the region.
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By GlobalDataIn second place was private equity with 12 deals, followed by venture financing deals with ten transactions, respectively capturing a 16% and 13.3% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $8.21bn, while private equity and venture financing deals totalled $950m and $103.2m, respectively.
North America construction & real estate industry deals in October 2021: Top deals
The top five construction & real estate deals accounted for 98.6% of the overall value during October 2021.
The combined value of the top five construction & real estate deals stood at $9.13bn, against the overall value of $9.3bn recorded for the month.
The top five construction & real estate industry deals of October 2021 tracked by GlobalData were:
1) Iris Acquisition II $5.7bn acquisition deal with Cominar Real Estate Investment Trust
2) The $1.68bn acquisition of Atrium European Real Estate by Gazit Hercules 2020
3) Blue Owl Capital $950m private equity deal with Oak Street Real Estate Capital
4) The $495.3m acquisition of Fibra HD Servicios SC by Fibra Plus
5) Jones Lang LaSalle $300m acquisition deal with Building Engines
