Construction in China up 3.9 percent in Q3 2019
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Construction in China up 3.9 percent in Q3 2019

Construction in China up 3.9% in Q3 2019

China’s construction & real estate industry saw a rise of 3.9% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 54 deals worth $3.9bn were announced in Q3 2019, compared to the last four-quarter average of 52 deals.

M&A was the leading category in the quarter with 45 deals which accounted for 83.3% of all deals.

In second place was venture financing with five deals, followed by private equity with four transactions, respectively accounting for 9.3% and 7.4% of overall deal activity in the country’s construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in China’s construction & real estate industry with total deals worth $2.68bn, while private equity and venture financing deals totalled $1.2bn and $18.25m, respectively.

Top China deals Q3 2019

The top five construction & real estate deals accounted for 52.7% of the overall value during Q3 2019.

The combined value of the top five construction & real estate deals stood at $2.05bn, against the overall value of $3.9bn recorded for the month.

The top five construction & real estate industry deals of Q3 2019 tracked by GlobalData were:

  1. KKR Asian Fund III’s $794m private equity deal with NVC Lighting Holding
  2. The $421.05m acquisition of Shanshan Commercial Group by Vipshop Holdings
  3. Bain Capital Credit’s $300m private equity deal with D&J Industrial Property (China) Investment
  4. The $288.15m acquisition of Jinmao Hangzhou Property Development by Shanghai Maohuan Enterprise Management
  5. Sichuan Languang Development’s acquisition of Chongqing Huajing Real Estate Development for $250.96m.
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Post source : GlobalData Plc

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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