M&A activity in the UK property sector surged in the quarter to Sept 30, with reported deal values more than five times those seen in the third quarter of 2008, financial services adviser Grant Thornton UK LLP said.
Grant Thornton’s Property M&A Tracker, which tracks UK non-residential, real estate, real estate management and development deals, reported £4.1 billion (S$9.2 billion) of transactions last quarter, the highest quarterly figure seen this year by some £2.2 billion.
The Tracker saw the number of deals rise by 67 per cent to 30 last quarter compared with 18 deals seen in Q2.
Average deal values have also risen, up to around £135 million from around £37 million in Q3 2008. Continue reading
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