Global construction industry deals hit $61.7bn in Q3

By Daniel Brightmore
The global construction & real estate industry has announced $61.7bn worth of deals according to GlobalData’s deals database. The total value of...

The global construction & real estate industry has announced $61.7bn worth of deals according to GlobalData’s deals database.

The total value of deals to Q3 2019 marked an increase of 92.4% over the previous quarter and a rise of 33.2% when compared with the last four-quarter average of $46.68bn.

In terms of number of deals, the sector saw a rise of 10.7% over the last four-quarter average with 654 deals against the average of 591 deals.

In value terms, North America led the activity with deals worth $25.26bn.

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The top five construction & real estate deals accounted for 29.8% of the overall value during Q3 2019.

The combined value of the top five construction & real estate deals stood at $18.39bn, against the overall value of $61.7bn recorded for the month.

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

  1. The Blackstone Group's $4.66bn private equity deal with Dream Global Real Estate Investment Trust. Founded in 1985, Blackstone is one of the world’s leading investment firms - with a portfolio of companies employing a workforce of 360,000 across the globe - seeking to create positive economic impact and long-term value for its investors and the communities it works in. 
  2. The $3.99bn acquisition of Industrial Property Trust by Prologis. Billing itself as the world’s leading real estate company, it was founded in 1983 and currently has $111bn worth of assets under its management occupying 74 million square metres.
  3. Macquarie Infrastructure and Real Assets’ (MIRA) $91bn acquisition of Currenta. MIRA manages investments in 155 portfolio businesses, approximately 600 properties and 4.7 million hectares of farmland across 33 countries. 
  4. The $2.91bn private equity deal with Lendlease International Towers Sydney Trust by GIC. Lendlease has been entrusted with many projects of public, cultural and social significance: constructing the Sydney Opera House, creating the National September 11 Memorial & Museum in New York, and restoring and renovating historic buildings such as London’s Tate Britain and National Theatre.
  5. Vonovia's acquisition of Hembla for $2.91bn. Vonovia is Germany’s largest residential property company, established in 2001.
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