Total construction & real estate industry M&A deals worth $8.56bn were announced in Asia-Pacific in Q1 2021, led by Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding, according to GlobalData’s deals database.
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The value marked a decrease of 66.4% over the previous quarter and a drop of 52.9% when compared with the last four-quarter average of $18.18bn.
Asia-Pacific held a 22.86% share of the global construction & real estate industry M&A deal value that totalled $37.45bn in Q1 2021. With a 10.84% share and deals worth $4.06bn, China was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.
In terms of deal activity, Asia-Pacific recorded 157 deals during Q1 2021, marking a decrease of 31.44% over the previous quarter and a drop of 17.59% over the last four-quarter average. China recorded 47 deals during the quarter.
Asia-Pacific construction & real estate industry M&A deals in Q1 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 58.01% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $4.97bn, against the overall value of $8.56bn recorded for the quarter.
The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $989.76m acquisition of 50% stake in Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)
3) Kaisa Group Holdings’ $761.64m acquisition of 100% stake in Logic Capital
4) The $748.8m acquisition of 64.62% stake in Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited
5) Guangzhou Jinmao Properties’ acquisition of 49% stake in Guangzhou Wanzhi Real Estate for $474.69m.
