According to data released by the China Index Research Institute, a total of 17 M&A transactions were carried out in the real estate industry in June 2024, an increase of 2 from May. Among them, 15 transactions disclosed transaction amounts, with a total transaction size of about 16.93 billion yuan, an increase of 11.5% month-on-month, and an average single transaction size of 1.13 billion yuan, a decrease of 10.8% month-on-month. In terms of the number and scale of M&A transactions, the popularity of M&A activities continued to increase in June.

From the perspective of transaction targets, the M&A transactions in the real estate industry in June 2024 include real estate development, commercial office and cultural tourism hotel projects. Among them, in terms of residential development, real estate enterprises mainly participate in project development through the acquisition of equity to explore key urban markets. For example, China Jinmao acquired a 51% stake in a project in Nanjing under Shoukai Co., Ltd. through a capital increase, and the two will jointly develop it.

The China Index Research Institute told reporters that this capital increase will lay the foundation for China Jinmao to obtain high-quality land resource reserves in Nanjing, which is conducive to enhancing its market share and brand influence in Nanjing.