Construction and real estate deals totaled $31.61 Billion in the second quarter of 2019
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Construction and real estate deals totaled $31.61 Billion in the second quarter of 2019

Construction and real estate deals totaled $31.61 Billion in the second quarter of 2019

Total construction & real estate industry deals for Q2 2019 worth $31.61bn were announced globally, according to GlobalData, a leading data and analytics company.

The value marked a decrease of 30.7% over the previous quarter and a drop of 52.1% when compared with the last four-quarter average of $66.05bn.

In terms of number of deals, the sector saw a drop of 0.5% over the last four-quarter average with 574 deals against the average of 571 deals.

In value terms, Asia-Pacific led the activity with deals worth $14.11bn.

Construction and real estate deals totaled $31.61 Billion in the second quarter of 2019

The top 5 deals

The top five construction & real estate deals accounted for 35.6% of the overall value during Q2 2019.

The combined value of the top five construction & real estate deals stood at $11.26bn, against the overall value of $31.61bn recorded for the quarter.

The top construction & real estate deal tracked by GlobalData in Q2 2019 were:

  • $2.88bn merger of OUE Commercial REIT Management and OUE Hospitality Trust Management.
  • $2.7bn acquisition of Chesapeake Lodging Trust by Park Hotels & Resorts
  • TITAN Cement International’s $2.4bn acquisition of Titan CementSA.
  • $1.98bn acquisition of Holcim Philippines by First Stronghold Cement Industries
  • I Squared Capital Advisors’ private equity deal with Domidep for $1.3bn.
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Post source : Global Data

About The Author

Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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