Construction and Real Estate Industry Sees a Rise in Deal Activity

North America’s construction and real estate industry saw a rise of 5.4 percent in overall deal activity during Q3 2019, when compared to the four-quarter average, according to the GlobalData deals database.

A total of 236 deals worth $25.26 billion were announced for the region during Q3 2019, against the last four-quarter average of 224 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 177, representing a 75 percent share for the region.

In second place was venture financing with 31 deals, followed by private equity deals with 28 transactions, capturing a 13.1 percent and 11.9 percent share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $14.89 billion, while private equity and venture financing deals totalled $9.56 billion and $816.87 million, respectively.

North America Construction & Real Estate Industry Deals in Q3 2019: Top deals

The top five construction and real estate deals accounted for 62.4 percent of the overall value during Q3 2019.

The combined value of the top five construction and real estate deals stood at $15.77 billion, against the overall value of $25.26 billion recorded for the quarter.

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

  1. The Blackstone Group’s $4.66 billion private equity deal with Dream Global Real Estate Investment Trust
  2. The $3.99 billion acquisition of Industrial Property Trust by Prologis
  3. J2 Acquisition’s $2.9 billion acquisition of APi Group
  4. The $2.46 billion private equity deal with 407 International by The CPP Investment Board
  5. Great Pacific Capital’s acquisition of Canfor for $1.76 billion

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