Five largest construction projects initiated in Asia Pacific in office building in Q3 2021
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Asia Pacific’s five largest office building construction projects that commenced in Q3 2021

By Carmen 08 Nov 2021 (Last Updated November 18th, 2021 11:33)

Here are Asia Pacific’s five largest office building construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.

1. Hamamatsucho Shibaura 1 Chome Redevelopment – $3,170m

The project involves the construction of a 550,000m2 mixed-use complex comprising of two 232.55m tall buildings each on 4ha of land in Minato-Ku, Tokyo, Japan.

Construction work started in Q3 2021 and is expected to be completed in Q4 2030.

It is located in the Hamamatsucho district, close to a station for the magnetic-levitation bullet train service.

2. Elizabeth Quay Lot V and Lot VI Mixed-Use Complex – $841m

The project involves the construction of two mixed-use towers on a 7,000m2 area comprising 58-story mixed-use tower and a 21-story commercial tower on Lot 5 and 6 at Elizabeth Quay in Perth, in Western Australia, Australia.

Construction work commenced in Q3 2021 and is expected to finish in Q4 2025.

The project aims to provide mixed-use facilities including residential, commercial, retail, and office facilities in the region.

3. Wuhan Fosun Bund Center T1 – $730m

The project involves the construction of Fosun Bund Center T1 in Wuhan, Hubei, China.

Construction work started in Q3 2021 and is forecast to complete in Q4 2025.

The project aims to provide better commercial facilities in the region.

4. Shibaura 1-Chome Mixed-Use Complex – $500m

The project involves the construction of a 550,000m2 mixed-use complex on 4.7ha of land in Minato City, Tokyo, Japan.

Construction work commenced in Q3 2021 and is expected to be completed in Q4 2030.

The project aims to provide better commercial, residential, and leisure facilities in the region.

5. Infinity Mixed-Used Development – $480m

The project involves the construction of a mixed-used development on 3.2ha of land in Maharashtra, India.

Construction work started in Q3 2021 and is expected to be completed in Q4 2024.

The purpose of the project is to enhance residential and commercial facilities to meet the demand for the growing urban population in the region.

Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.