Asia-Pacific’s construction & real estate industry saw a drop of 28.79% in deal activity during August 2022, when compared with the last 12-month average, led by Shanghai Chengtou Holding’s $170.56m acquisition of 15.3% stake in Shanghai Luxiangyuan Real Estate, according to GlobalData’s deals database.
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A total of 47 construction & real estate industry deals worth $933.3m were announced for the region in August 2022, against the 12-month average of 66 deals.
Of all the deal types, M&A saw most activity in August 2022 with 35 transactions, representing a 74.5% share for the region.
In second place was venture financing with seven deals, followed by private equity deals with five transactions, respectively capturing a 14.9% and 10.6% 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 $756.79m, while private equity and venture financing deals totalled $119.17m and $57.3m, respectively.
Asia-Pacific construction & real estate industry deals in August 2022: Top deals
The top five construction & real estate deals accounted for 59.4% of the overall value during August 2022.
The combined value of the top five construction & real estate deals stood at $554.61m, against the overall value of $933.3m recorded for the month.
The top five construction & real estate industry deals of August 2022 tracked by GlobalData were:
1) Shanghai Chengtou Holding’s $170.56m acquisition deal for 15.3% stake in Shanghai Luxiangyuan Real Estate
2) The $127.05m acquisition of 34% stake in Guangzhou Zhaoying Real Estate by Guangzhou Merchants Property Development and Wuhan Dabenying Commercial Management
3) Shanghai Hebo Properties ConsultancyLimited’s $116.83m acquisition deal with Shanghai Bozheng PropertiesLimited
4) The $74.17m acquisition of Tianjin Xihe Supply Chain Services by Ocean Homeplus Property Service
5) Aghara & Sons, Ceramiche Speranza, India Business Excellence Fund IV, India SME Investments and Motilal Oswal Finvest’s $66m private equity deal with Simpolo Vitrified