UK construction & real estate industry sees flat growth in Q3 deal activity

UK construction & real estate industry sees flat growth in Q3 deal activity

The UK construction & real estate industry saw a flat growth in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 62 deals worth $4.1bn were announced in Q3 2019, compared to the last four-quarter average of 62 deals.

M&A was the leading category in the quarter with 48 deals which accounted for 77.4% of all deals.

In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 12.9% and 9.7% of overall deal activity in the country’s construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK construction & real estate industry with total deals worth $4.09bn, while private equity and venture financing deals totalled $13.32m and $0.18m, respectively.

The UK construction & real estate industry deals in Q3 2019: Top deals

The top five construction & real estate deals accounted for 85.3% of the overall value during Q3 2019.

The combined value of the top five construction & real estate deals stood at $3.5bn, against the overall value of $4.1bn recorded for the month.

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

  1. Bovis Homes’ $1.36bn asset transaction with Galliford Try
  2. The $739.51m acquisition of Capital & Regional by Growthpoint Properties
  3. Gazit-Globe’s $633.62m acquisition of Atrium European Real Estate
  4. The $486.15m acquisition of Telford Homes by CBRE Group
  5. Capital Data Centre’s acquisition of Branhall Investments for $282.55m.

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