Private equity deals worth $19.1 billion were announced globally in the construction and real estate industry for the third quarter of the year, according to a report by GlobalData.

The value marked an increase of 669.1% over the previous quarter and a rise of 189.1% when compared with the last four-quarter average, which stood at $6.61 billion, it added.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $9.56 billion.

At the country level, Canada topped the list in terms of deal value at $7.33 billion, stated GlobalData in its report.

In terms of volumes, North America emerged as the top region for construction and real estate industry private equity deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of private equity deals activity in Q3 2019 was the US with 23 deals, followed by the UK with six and Spain with five, it added.

GlobalData pointed out that as of the end of Q3, construction and real estate private equity deals worth $32.08 billion were announced globally, down 48.5% year on year.

The top five construction and 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 $2.91 billion private equity deal with Lendlease International Towers Sydney Trust by GIC

*The CPP Investment Board's $2.46 billion private equity deal with 407 International

*The $1.3 billion private equity deal with Brand Industrial Services by Brookfield Business Partners

*Allianz Finance VII Luxembourg and Gaw Capital Partners's private equity deal with Ophir-Rochor Commercial for $1.14 billion.

According to GlobalData, these five construction and real estate industry private equity deals accounted for 65.3% of the overall value during this period.

Their combined value stood at $12.47 billion, against the overall value of $19.1 billion recorded for the month, it added.-TradeArabia News Service