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February 25, 2022updated 14 Mar 2022 1:14pm

Asia Pacific’s five largest office building construction projects that commenced in Q4 2021

By Carmen

Here are Asia Pacific’s five largest office building construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.

1. Yaesu 1-Chome East B District Type One Urban Redevelopment – $1,946m

The project involves the construction of a 249.72m high, 51-story above ground and four-story below ground, 225,063.24m2 mixed-use tower on 1.06ha of land in Tokyo, Japan.

Construction work started in Q4 2021 and is expected to be completed in Q1 2025.

The project aims is to provide better office, retail, and residential facilities in the region.

2. Sydney Metro Pitt Street Over-Station Development – $773m

The project involves the construction of an Over-Station development at Pitt Street, Australia.

Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.

The main aim of the project is to provide better hospitality and commercial facilities in the region.

3. One Avenue Mixed-Use Development – $350m

One Avenue involves construction of mixed-use complex on 5ha of land comprising of four towers of luxury apartments and an office tower in Batam, Riau Island, Indonesia.

Construction work started in Q4 2021 and is forecast to complete in Q1 2025.

The project aims to provide better residential and office space in the region.

4. Macquarie Park State of The Art Technology Hub – $319m

The project involves the construction of five mixed-use buildings with a floor area of 55,000m2 on a 3ha land in Macquarie Park, New South Wales, Australia.

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

The aim of the project is to provide better employment opportunities in the region and targeting 6 Star Green Star and 5.5 Star NABERS ratings, and is committed to achieving Climate Active carbon neutral certification. It will create 500 direct and 700 indirect jobs.

5. Shibuya 2-Chome 17 District Type One Urban Redevelopment – $278m

The project involves the construction of a 44,511.7m2, 23-story above-ground and four-story below-ground, 123m high office tower on 0.34ha of land on Shibuya-ku, Tokyo, Japan.

Construction work started in Q4 2021 and is expected to be completed in Q2 2024.

The project aims to provide better office and commercial facilities 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.

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