Total construction & real estate industry M&A deals worth $3.3bn were announced in Asia-Pacific in June 2021, led by Jungheung Construction’s $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction, according to GlobalData’s deals database.
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The value marked a decrease of 56.8% over the previous month of $7.54bn and a drop of 12.8% when compared with the last 12-month average of $3.74bn.
Asia-Pacific held a 19.70% share of the global construction & real estate industry M&A deal value that totalled $16.55bn in June 2021. With an 11.54% share and deals worth $1.91bn, Republic of Korea (South Korea) was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, Asia-Pacific recorded 39 deals during June 2021, marking a decrease of 32.76% over the previous month and a drop of 37.10% over the 12-month average. China recorded 12 deals during the month.
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By GlobalDataAsia-Pacific construction & real estate industry M&A deals in June 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 78.1% of the overall value during June 2021.
The combined value of the top five construction & real estate deals stood at $2.54bn, against the overall value of $3.3bn recorded for the month.
The top five construction & real estate industry M&A deals of June 2021 tracked by GlobalData were:
1) Jungheung Construction’s $1.9bn acquisition of 50.75% stake in Daewoo Engineering & Construction
2) The $198.69m acquisition of Lian Beng Group by Ong Sek Chong & Sons
3) China Jinmao Holdings Group’s $190.82m acquisition of 29.9% stake in China VAST Industrial Urban DevelopmentLimited
4) The $134.49m acquisition of Lendlease Asian Retail Investment Fund three by RBC Investor Services Trust Singapore
5) RBC Investor Services Trust Singapore’s acquisition of 19.8% stake in Lendlease Jem Partners Fund for $120.07m.
