UK construction & real estate deals in Q1 2021: Deals Analysis
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UK construction & real estate sees a rise of 73.40% in deal activity in Q1 2021

10 May 2021

Led by $1.22bn private equity deal with RDI REIT, the UK construction & real estate industry saw a rise of 73.40% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 88 deals worth $3.03bn were announced in Q1 2021, compared with the last four-quarter average of 50.75 deals.

M&A was the leading category in the quarter with 75 deals which accounted for 85.2% of all deals.

In second place was private equity with nine deals, followed by venture financing with four transactions, respectively accounting for 10.2% and 4.6% of overall deal activity in the UK 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 $1.55bn, while private equity and venture financing deals totalled $1.47bn and $4.35m, respectively.

UK construction & real estate industry deals in Q1 2021: Top deals

The top five construction & real estate industry deals accounted for 85.9% of the overall value during Q1 2021.

The combined value of the top five construction & real estate deals stood at $2.6bn, against the overall value of $3.03bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:

1) Cambridge BidCo’s $1.22bn private equity deal for acquisition of 70.41% stake in RDI REIT

2) The $934.57m acquisition of 100% stake in Luyuan Investment Holdings by Jiayuan International Group

3) Atlantic Park Strategic Capital Fund GP’s $195.3m private equity deal with Morris Homes

4) The $159.49m asset transaction deal with Aviva Investors Global Services by British Airways Pension Trustees

5) Supermarket Income REIT’s asset transaction with LaSalle Investment Management for $88.65m.

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.