Total construction & real estate industry cross border deals worth $4.54bn were announced globally for March 2021, with the $1.99bn acquisition of Hong Da Development & Investment Holding being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 35.5% over the previous month of $3.35bn and a drop of 27.01% when compared with the last 12-month average of $6.22bn.
In terms of number of cross border deals, the sector saw a rise of 18.60% with 51 deals in March 2021 when compared to the last 12-month average of 43 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $3.02bn in March 2021.
Construction & Real Estate industry cross border deals in March 2021: Top deals
The top five cross border deals accounted for 82% of the overall value during March 2021.
The combined value of the top five cross border deals stood at $3.73bn, against the overall value of $4.54bn recorded for the month.
The top five construction & real estate industry cross border deals of March 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $761.64m acquisition of Logic Capital by Kaisa Group Holdings
3) Swiss Life Asset Managers’ $513.17m private equity deal with Threestones Capital Management
4) The $245m acquisition deal of Custom Molded Products by Fluidra
5) Aldar Properties’ acquisition deal with Sixth Of October For Development Investment Company SODIC for $214.2m.
