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M&A property activity increases

28 October 2009

A surge of mergers and acquisitions (M&A) occurred in the UK property market in September, according to a leading tracker of takeovers.

The financial services advisor Grant Thornton's Property M&A Tracker revealed that transactions increased five-fold on figures recorded in the third quarter of 2008.

This could increase demand for executives with interim management experience, who are frequently skilled in managing transitional periods of corporations.

Specifically, the index revealed that the number of deals increased by 67 per cent between April and June this year - equivalent to a value of more than £4 billion.

Clare Hartnell, head of property and construction at Grant Thornton, suggested that these opportunities could increase in the coming months, as many companies are stalling on deals in the hope of increasing their value upon recovery.

She said: "This is having a knock on affect on the availability of M&A opportunities meaning those that do exist, are more likely to get snapped up."

A rise in M&A activity in the financial services market could also occur towards the end of 2009, according PricewaterhouseCoopers.

The professional services firm predicted that a restructuring-led wave of deal activity will be witnessed at the end of this year and throughout 2010.

Categories: Board & CEO


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