The first three quarters of the purchase of housing enterprises up to 50

The report of the research Center for the Qing Branch 11th showed that the real estate industry in the first three quarters of the transaction was very active, a total of 50 mergers and acquisitions cases, is the 2009 year of mergers and acquisitions in the number of 2.5 times times, the acquisition amount of 1.845 billion U.S. dollars.　　The number of mergers and acquisitions by VC/PE-backed real estate companies has increased over the past year, taking place in real estate giants ' acquisitions of small real estate developers, construction projects or property management companies. Research Center analyst Xu Weiqing said that in the interest rate and continuous policy regulation, real estate enterprise capital chain tightening, credit, IPO, issuing debt, trust financing strictly, traditional financing channels close, in this context, private equity real estate funds are increasingly active.　　This kind of fund not only involves in the residential, commercial real estate development project, carries on the fund blood transfusion to the construction project, also may act as the Comprehensive Equity Investment Fund, participates in the unlisted enterprise equity investment and the enterprise acquisition and the annexation investment and so on, in the current real estate project asset valuation generally is low the situation In the three quarter of this year, real estate fund fund-raising and investment showed a clear rebound trend, large foreign institutions also involved in real estate mergers and acquisitions fund. Compared with the two quarter, the three-quarter fund to invest in the real estate sector has increased, with a total of 5 funds, and a total of 4 disclosure funds raised at 458 million U.S. dollars. In terms of investment, there were 3 cases of investment in the real estate sector in the three quarter, with two cases involving a total investment of $29.18 million.　　Xu Weiqing that real estate funds are changing the structure of funding sources of industry, which may affect the development of the entire real estate structure and model, and promote mergers and acquisitions of real estate enterprises. Xu Weiqing that the current real estate industry, "strong and weak" or "weak weak joint" merger and reorganization of the main trade, in the future, once major mergers and acquisitions can be released, mergers and acquisitions between big firms and big companies, that is, "strong alliances", are expected to be possible, mergers between real estate giants are emerging, or new " Carrier-Class "enterprises and the formation of a new pattern of domestic real estate industry. (Zhu Yu)