Total construction & real estate industry M&A deals worth $4.3bn were announced in Europe in March 2022, led by Benedict Real Estate Bidco’s $1.52bn acquisition of Hibernia REIT, according to GlobalData’s deals database.
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The value marked an increase of 125.5% over the previous month of $1.92bn and a drop of 38.05% when compared with the last 12-month average of $6.99bn.
Europe held a 53.86% share of the global construction & real estate industry M&A deal value that totalled $8.04bn in March 2022. With a 26.37% share and deals worth $2.12bn, the UK 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 57 deals during March 2022, marking an increase of 5.56% over the previous month and a drop of 3.39% over the 12-month average. The UK recorded 23 deals during the month.
Europe construction & real estate industry M&A deals in March 2022: Top deals
The top five construction & real estate industry M&A deals accounted for 87.4% of the overall value during March 2022.
The combined value of the top five construction & real estate deals stood at $3.78bn, against the overall value of $4.3bn recorded for the month.
The top five construction & real estate industry M&A deals of March 2022 tracked by GlobalData were:
1) Benedict Real Estate Bidco $1.52bn acquisition deal with Hibernia REIT
2) The $958.22m acquisition of Bluebutton Holdco 5 Broadgate (Jersey) by Broadgate Five Holdings (Jersey)
3) Workspace Group $574.86m acquisition deal with McKay Securities
4) The $421.22m acquisition of The Instant Group by IWG
5) Fomento de Construcciones y Contratas $312.13m acquisition deal for 24% stake in Metrovacesa
