Asia-Pacific’s construction & real estate industry saw a drop of 28.17% in deal activity during September 2022, when compared with the last 12-month average, led by NWS Holdings’ $275.68m acquisition of 40% stake in Guangxi Logan Guiwu Expressway, according to GlobalData’s deals database.
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A total of 51 construction & real estate industry deals worth $1.1bn were announced for the region in September 2022, against the 12-month average of 71 deals.
Of all the deal types, M&A saw most activity in September 2022 with 41 transactions, representing an 80.4% share for the region.
In second place was venture financing with six deals, followed by private equity deals with four transactions, respectively capturing an 11.8% and 7.8% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s construction & real estate industry with $1.05bn, while venture financing and private equity deals totalled $22.72m and $1.96m, respectively.
Asia-Pacific construction & real estate industry deals in September 2022: Top deals
The top five construction & real estate deals accounted for 64.2% of the overall value during September 2022.
The combined value of the top five construction & real estate deals stood at $691.4m, against the overall value of $1.1bn recorded for the month.
The top five construction & real estate industry deals of September 2022 tracked by GlobalData were:
1) NWS Holdings’s $275.68m acquisition deal for 40% stake in Guangxi Logan Guiwu Expressway
2) The $180m asset transaction of Guangzhou R&F Properties and KWG Group Holdings by Brookfield Asset Management
3) Shenzhen Suyuan Technology Development’s $89.65m acquisition deal for 19.8% stake in Daqian Ecology & Environment Group
4) The $75.38m acquisition of 50% stake in Jinan Junsheng Properties Developments by Jinan Junheng Properties Developments
5) Sky Plaza’s $70.69m acquisition deal with Star Moral