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July 28, 2022

Top five commercial and leisure construction projects that commenced in the UK in Q2 2022

By Carmen

Here are the top five commercial and leisure construction projects that commenced in the UK in Q2 2022, according to GlobalData’s construction projects database.

1. Pownall Street Mixed-Use Community – $200m

The project involves the construction of a mixed-use community comprising two buildings of nine and 16-stories in Liverpool.

Construction work started in Q2 2022 and is expected to be completed in Q4 2026.

The project will be located at the site bound by Park Lane, Pownall Street, Liver Street and Beckwick Street.

2. Space House Refurbishment – $150m

The project involves the construction of a 23,690m2 commercial office space in London’s Covent Garden, London the UK.

Construction work commenced in Q2 2022 and is expected to finish in Q3 2023.

The property set across two interconnected buildings was designed by Richard Seifert & Partners in 1968 and was first occupied by the Civil Aviation Authority. Both buildings will go through an extensive redevelopment to create 23,690m2 of sustainable and smart Grade A office space.

3. Symmetry Park Logistics Hub – $150m

The project involves the construction of 92,903m2 of a logistics park in Knowsley, Merseyside, Liverpool.

Construction work started in Q2 2022 and is forecast to complete in Q1 2023.

It is situated east of Junction 6 of the M62.

4. Canary Wharf Tower Renovation – $135m

The project involves the renovation of a 42-story office building in Greater London.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.

The project aims to fully renovate the existing building to create flexible work and collaboration spaces alongside well-being zones for its overall 9,000 employees in the building.

5. Fetter Lane Office Development – $105m

The project involves the construction of a 12-story, 13,282m2 office building in Farringdon, Greater London.

Construction work started in Q2 2022 and is expected to be completed in Q2 2024.

It will be located on the corner of Fetter Lane and Breams Buildings adjoining the St Dunstan Gardens.

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.

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