UK construction & real estate industry sees a drop of 4.8% in deal activity in Q1 2020

23 April 2020 (Last Updated April 23rd, 2020 10:50)
UK construction & real estate industry sees a drop of 4.8% in deal activity in Q1 2020

The UK construction & real estate industry saw a drop of 4.8% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 60 deals worth $1.77bn were announced in Q1 2020, compared to the last four-quarter average of 63 deals.

M&A was the leading category in the quarter with 47 deals which accounted for 78.3% of all deals.

In second place was private equity with ten deals, followed by venture financing with three transactions, respectively accounting for 16.7% and 5% of overall deal activity in the country's construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK construction & real estate industry with total deals worth $1.73bn, while private equity and venture financing deals totalled $31.09m and $14.97m, respectively.

The UK construction & real estate industry deals in Q1 2020: Top deals

The top five construction & real estate deals accounted for 88.6% of the overall value during Q1 2020.

The combined value of the top five construction & real estate deals stood at $1.57bn, against the overall value of $1.77bn recorded for the month.

The top five construction & real estate industry deals of Q1 2020 tracked by GlobalData were:

1) CBRE GIP Medical Office REIT II's $682.11m acquisition of Cityhold Office Partnership

2) The $347.37m acquisition of Daejan by Dock Newco

3) CPI Property Group's $253.82m acquisition of Globalworth Real Estate Investments

4) The $233.95m asset transaction with Cemex SAB de CV by Breedon Group

5) Star Properties Group's acquisition of Metropolitan Group (BVI) for $54.03m.

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.