Sunday 5 April 2020

Global construction, real estate deals hit $57bn in Q4

LONDON, February 25, 2020

The total value of deals in the construction and real estate sector globally for the fourth quarter of 2019 hit $56.78 billion, up 29 per cent when compared to the last four-quarter average of $44.38 billion, according to GlobalData’s deals database.

The value marked a decrease of 3% over the previous quarter, it stated.

In terms of number of deals, the sector saw a drop of 7.4% over the last four-quarter average with 577 deals against the average of 623 deals, while in value terms, North America led the global activity with deals worth $23.86 billion.

The top five construction & real estate deals accounted for 46.1% of the overall value during Q4 2019. These included:

•Prologis’ $12.6 billion acquisition of Liberty Property Trust
•The $4.75 billion acquisition of Hemfosa Fastigheter by Samhallsbyggnadsbolaget i Norden
•Aroundtown's $3.43 billion acquisition of TLG Immobilien
•The $2.99 billion acquisition of Keppel by Kyanite Investment Holdings
•Taylor Morrison Home's acquisition of William Lyon Homes for $2.4 billion.

The combined value of the top five construction and real estate deals stood at $26.17 billion, against the overall value of $56.78 billion recorded for the month.-TradeArabia News Service


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