Global construction industry deals hit $61.7bn in Q3
.
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.
SEE ALSO:
China’s construction industry sees 3.9% rise in deal activity
Lendlease wins $15bn deal wth Google for urban regeneration in San Francisco Bay Area
Plaza Construction: It’s a big world, and Plaza is building it
Read the latest issue of Construction Global here
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:
- 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.
- 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.
- 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.
- 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.
- Vonovia's acquisition of Hembla for $2.91bn. Vonovia is Germany’s largest residential property company, established in 2001.
December
October
Aug
June
Read More
VC investment in ConTech startups passes $1bn in H1 2018 – JLL
Construction technology startup companies received $1.05bn in investment from venture capitalists (VCs) in the first half of 2018, a record high according to a new report by JLL.
The State of Construction Technology study highlighted
Construction technology startup companies received $1.05bn in… Read more
Blackstone on verge of raising $5bn infrastructure fund in boost for US construction
American private equity and investment giant Blackstone has said it is nearing completion on a $5bn fund which it will invest primarily in US infrastructure projects.
In the week that President Donald Trump outlined his desire to block Chinese investment in US technology firms, and with home motorcycle favourite Harley Davidson
American private equity and investment giant Blackstone has said it… Read more
U.S construction investment suffers biggest drop since 2002
Investment in public U.S construction projects in June 2017 fell “unexpectedly” in the biggest drop since 2002, a report has found.
In a report from The Commerce Department, also revealed that construction spending had fallen by 1.3%, meaning the overall figure stood at $1.21 trn, which was also the lowest level since 2016.
This comes at a time where economists had estimated that
Investment in public U.S construction projects in June 2017 fell “… Read more