US deal activity saw an annual decrease in H1 of this year, but remains buoyant compared to pre-pandemic standards

Red-hot demand for warehouse space drove dealmaking in the sector in H1

After dropping in 2020, real estate M&A ramped up significantly in 2021

M&A value among real estate firms quadrupled year-on-year in H1, after a tough 2020

The number of distressed and liquidation-related M&A deals, especially in the US and UK, has increased year on year as businesses struggle to adapt to their post-pandemic reality.

Real estate portfolios exposed to hospitality and retail assets have struggled through COVID-19 lockdown periods, but healthcare and logistics investments have performed strongly

Hospitality and dining have been buffeted by the pandemic, weighing on deal activity. But Q4 has brought welcome refinancing support and investor confidence.