Total construction & real estate industry M&A deals worth $40.9bn were announced in Europe in May 2021, led by Vonovia’s $36.42bn acquisition of Deutsche Wohnen, according to GlobalData’s deals database.
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The value marked an increase of 2016.6% over the previous month of $1.93bn and a rise of 1323.3% when compared with the last 12-month average of $2.87bn.
Europe held an 86.99% share of the global construction & real estate industry M&A deal value that totalled $46.96bn in May 2021. With a 77.56% share and deals worth $36.42bn, Germany was the top country in Europe’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, Europe recorded 50 deals during May 2021, marking an increase of 35.14% over the previous month and a rise of 13.64% over the 12-month average. Sweden recorded 12 deals during the month.

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By GlobalDataEurope construction & real estate industry M&A deals in May 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 99.2% of the overall value during May 2021.
The combined value of the top five construction & real estate deals stood at $40.53bn, against the overall value of $40.9bn recorded for the month.
The top five construction & real estate industry M&A deals of May 2021 tracked by GlobalData were:
1) Vonovia’s $36.42bn acquisition of Deutsche Wohnen
2) The $2.13bn acquisition of St. Modwen Properties by Brighton Bidco
3) Compagnie de Saint-Gobain’s $1.25bn acquisition of Chryso
4) The $548.73m acquisition of 60% stake in Aupark by sprav. spol., Tatra Asset Management and Wood & Company Investicni Spolecnost
5) Trophi Fastighets’ acquisition of TRE Kronor Property Investment for $194.39m.