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Total construction and real estate industry deals worth $61.7 billion were announced globally for the third quarter (Q3) of 2019, according to the deals database of GlobalData, a leading a data analytics and consulting company.
The value marked an increase of 92.4 per cent over the previous quarter and a rise of 33.2 per cent when compared with the last four-quarter average of $46.68 billion.
In terms of number of deals, the sector saw a rise of 10.7 per cent 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 $25.26 billion.
Top deals
The top five construction & real estate deals accounted for 29.8 per cent of the overall value during Q3 2019.
The combined value of the top five construction & real estate deals stood at $18.39 billion, against the overall value of $61.7 billion recorded for the month.
The top five construction & real estate industry deals of Q3 2019 tracked by GlobalData were:
• The Blackstone Group's $4.66 billion private equity deal with Dream Global Real Estate Investment Trust
• The $3.99 billion acquisition of Industrial Property Trust by Prologis
• Macquarie Infrastructure and Real Assets’ $3.91 billion acquisition of Currenta
• The $2.91 billion private equity deal with Lendlease International Towers Sydney Trust by GIC
• Vonovia's acquisition of Hembla for $2.91 billion. – TradeArabia News Service
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