Asia-Pacific’s construction & real estate industry saw a drop of 40.28% in deal activity during June 2021, when compared with the last 12-month average, led by The Blackstone Group’s $5.5bn acquisition of Soho China, according to GlobalData’s deals database.
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A total of 43 construction & real estate industry deals worth $8.9bn were announced for the region in June 2021, against the 12-month average of 72 deals.
Of all the deal types, M&A saw most activity in June 2021 with 39 transactions, representing a 90.7% share for the region.
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By GlobalDataIn second place was private equity with two deals, followed by venture financing deals with two transactions, respectively capturing a 4.7% and 4.7% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Asia-Pacific’s construction & real estate industry with $5.5bn, while M&A and venture financing deals totalled $3.26bn and $140.66m, respectively.
Asia-Pacific construction & real estate industry deals in June 2021: Top deals
The top five construction & real estate deals accounted for 89.1% of the overall value during June 2021.
The combined value of the top five construction & real estate deals stood at $7.92bn, against the overall value of $8.9bn recorded for the month.
The top five construction & real estate industry deals of June 2021 tracked by GlobalData were:
1) The Blackstone Group’s $5.5bn private equity deal with Soho China
2) The $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction by Jungheung Construction
3) Ong Sek Chong & Sons’ $198.69m acquisition of Lian Beng Group
4) The $190.82m acquisition of 29.90% stake in China VAST Industrial Urban DevelopmentLimited by China Jinmao Holdings Group
5) RBC Investor Services Trust Singapore’s acquisition of 19.8% stake in Lendlease Asian Retail Investment Fund three for $134.49m.
