UK construction & real estate industry sees a flat growth in deal activity in Q3 2019

7 November 2019 (Last Updated November 7th, 2019 11:34)

UK construction & real estate industry sees a flat growth in deal activity in Q3 2019

The UK construction & real estate industry saw a flat growth in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 62 deals worth $4.1bn were announced in Q3 2019, compared to the last four-quarter average of 62 deals.

M&A was the leading category in the quarter with 48 deals which accounted for 77.4% of all deals.

In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 12.9% and 9.7% 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 $4.09bn, while private equity and venture financing deals totalled $13.32m and $0.18m, respectively.

The UK construction & real estate industry deals in Q3 2019: Top deals

The top five construction & real estate deals accounted for 85.3% of the overall value during Q3 2019.

The combined value of the top five construction & real estate deals stood at $3.5bn, against the overall value of $4.1bn recorded for the month.

The top five construction & real estate industry deals of Q3 2019 tracked by GlobalData were:

1) Bovis Homes’ $1.36bn asset transaction with Galliford Try

2) The $739.51m acquisition of Capital & Regional by Growthpoint Properties

3) Gazit-Globe's $633.62m acquisition of Atrium European Real Estate

4) The $486.15m acquisition of Telford Homes by CBRE Group

5) Capital Data Centre's acquisition of Branhall Investments for $282.55m.

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.