LONDON, U.K. — According to GlobalData’s deals database, the U.K. construction and real estate industry saw a flat growth in overall deal activity during Q3 2019, when compared with the last four-quarter average.
A total of 62 deals worth $4.1 billion were announced in Q3 2019, compared to the last four-quarter average of 62 deals.
In terms of value of deals in the industry, mergers and acquisitions were the leading category in the quarter with 48 deals which accounted for 77.4 per cent of all deals. In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 12.9 per cent and 9.7 per cent of overall deal activity in the country’s construction and real estate industry during the quarter, indicates a release.
The top five construction and real estate deals accounted for 85.3 per cent of the overall value during Q3 2019. The combined value of the top five deals stood at $3.5 billion, against the overall value of $4.1 billion recorded for the month, adds the release.
The top five deals of Q3 2019 tracked by GlobalData were:
- Bovis Homes’ $1.36 billion asset transaction with Galliford Try;
- The $739.51 million acquisition of Capital & Regional by Growthpoint Properties;
- Gazit-Globe’s $633.62 million acquisition of Atrium European Real Estate;
- The $486.15 million acquisition of Telford Homes by CBRE Group; and
- Capital Data Centre’s acquisition of Branhall Investments for $282.55 million.
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