UK construction & real estate industry sees a drop of 26.7% in deal activity in Q3 2020

10 November 2020 (Last Updated November 10th, 2020 17:51)

UK construction & real estate industry sees a drop of 26.7% in deal activity in Q3 2020

The UK construction & real estate industry saw a drop of 26.7% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 44 deals worth $907.79m were announced in Q3 2020, compared to the last four-quarter average of 60 deals.

M&A was the leading category in the quarter with 32 deals which accounted for 72.7% of all deals.

In second place was private equity with seven deals, followed by venture financing with five transactions, respectively accounting for 15.9% and 11.4% 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 $548.59m, while private equity and venture financing deals totalled $182.67m and $176.53m, respectively.

The UK construction & real estate industry deals in Q3 2020: Top deals

The top five construction & real estate deals accounted for 93.3% of the overall value during Q3 2020.

The combined value of the top five construction & real estate deals stood at $846.59m, against the overall value of $907.79m recorded for the month.

The top five construction & real estate industry deals of Q3 2020 tracked by GlobalData were:

1) Columbia Threadneedle Investments’ $447.03m private equity deal with MAG Investment Assets

2) The $176.67m venture financing of Helical by Allianz Real Estate

3) Cheyne Capital Management (UK)'s $97.06m private equity deal with Strawberry Star Group

4) The $76.49m asset transaction with Tritax Big Box REIT by Warehouse REIT

5) Frasers Logistics & Commercial Asset Management's acquisition of Maxis Business Park for $49.34m.

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.