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