Total construction & real estate industry M&A deals worth $6.5bn were announced in Asia-Pacific in August 2021, led by ESR Cayman’s $5.2bn acquisition of ARA Asset Management, according to GlobalData’s deals database.
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The value marked an increase of 83.4% over the previous month of $3.55bn and a rise of 110.7% when compared with the last 12-month average of $3.09bn.
Asia-Pacific held a 19.99% share of the global construction & real estate industry M&A deal value that totalled $32.56bn in August 2021. With a 15.97% share and deals worth $5.2bn, Singapore 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 42 deals during August 2021, marking an increase of 16.67% over the previous month and a drop of 26.32% over the 12-month average. China recorded 19 deals during the month.

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By GlobalDataAsia-Pacific construction & real estate industry M&A deals in August 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 87% of the overall value during August 2021.
The combined value of the top five construction & real estate deals stood at $5.67bn, against the overall value of $6.5bn recorded for the month.
The top five construction & real estate industry M&A deals of August 2021 tracked by GlobalData were:
1) ESR Cayman $5.2bn acquisition deal with ARA Asset Management
2) The $272.09m acquisition of PicassoLimited and Yuuki Sangyo by ES-CON Japan
3) Hunan Friendship Apollo Commercial $76.86m acquisition deal for 41.5% stake in Hunan Shaoyang Friendship Apollo
4) The $59.13m acquisition of 60% stake in Xiamen Tengwangge Real Estate Development by Xiamen Tungsten
5) Guangdong Dongyiwan Group $58.77m acquisition deal with Foshan Pulida Technology