Total construction and real estate industry mergers and acquisitions (M&A) deals in Q2 2019 worth $2.14bn were announced in the UK, according to GlobalData, a leading data and analytics company.
The value marked a decrease of 5.7% over the previous quarter and a rise of 14% when compared with the last four-quarter average of $1.88bn.
The UK held a 7.7% share of the global construction and real estate industry M&A deal value that totaled $27.83bn in Q2 2019.
In terms of deal activity, the UK recorded 51 deals during Q2 2019, marking a rise of 8.5% over the previous quarter and a rise of 4.1% over the last four-quarter average.
The UK construction and real estate industry M&A deals in Q2 2019: Top deals
The top five construction and real estate industry M&A deals accounted for 90.2% of the overall value during Q2 2019.
The combined value of the top five construction and real estate industry M&A deals stood at $1.93bn, against the overall value of $2.14bn recorded for the quarter. The top announced construction and real estate industry M&A deal tracked by GlobalData in Q2 2019 was Victor Select’s $694.49m acquisition of Eminent Star Group.
In second place was the $615.73m acquisition of A & J Mucklow Group by LondonMetric Property and in third place was BSREP III China Retail’s $446.97m acquisition of Prosper Spring Investments.
The $99.43m acquisition of Pearl by Milesville and New Pursue’s acquisition of Superior Choice for $75.96m held fourth and fifth positions, respectively.