Real estate industry

Top construction and real estate sector deals in Asia-Pacific in March 2022

The construction and real estate sector in Asia-Pacific saw a 6.15% decline in deal activity in March 2022, compared to the average of the last 12 months, led by the acquisition of PR1MAMalaysia (PR1MA) by the Qatar Investment Authority for $1.92 billion, according to GlobalData’s transaction database.

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A total of 61 construction and real estate deals worth $5.8 billion were announced for the region in March 2022, compared to a 12-month average of 65 deals.

Of all deal types, M&A saw the most activity in March 2022 with 46 deals, accounting for a 75.4% share for the region.

In second place was venture finance with ten deals, followed by private equity deals with five deals, capturing a 16.4% and 8.2% share of overall deal activity for the month, respectively.

In terms of deal value, mergers and acquisitions was the largest construction and real estate sector category in Asia Pacific with $3.04 billion, while private equity and venture finance deals totaled $2.72 billion and $45.14 million, respectively.

Construction and real estate deals in Asia-Pacific in March 2022: top deals

The top five construction and real estate deals accounted for 83.02% of the overall value in March 2022.

The combined value of the top five construction and real estate deals was $4.82 billion, compared to the aggregate value of $5.8 billion recorded for the month.

The top five construction and real estate sector deals of March 2022 tracked by GlobalData were:

1) Qatar Investment Authority $1.92 billion private equity deal with PR1MAMalaysia (PR1MA)

2) The acquisition of Shanghai Fosun Bund Real Estate for $996.67 million by Zhejiang Fosun Commercial Development

3) Hillhouse Investment and Warburg Pincus complete $800 million private equity deal with JD Property

4) The acquisition of 734.8 million dollars of 30% of the capital of Zinus by Hyundai Department Store

5) Aware Super $368.21 million acquisition of a 25% stake in Lendlease Retirement Living Trust

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Verdict Agreement Analysis Methodology

This analysis only considers announced and concluded transactions from the GlobalData financial transactions database and excludes all completed and assumed transactions. The country and industry are defined based on the target company’s head office and dominant industry. The term “procurement” refers to both completed transactions and those in the process of being tendered.

GlobalData tracks real-time data on all M&A, private equity/venture capital, and asset transaction activity globally from thousands of company websites and other trusted sources.

More in-depth reports and analysis on all reported transactions are available to subscribers at GlobalData’s job database.

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