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May 23, 2022updated 27 Jul 2022 5:11pm

Asia Pacific’s five largest retail building construction projects that commenced in Q1 2022

By Carmen

Here are Asia Pacific’s five largest retail building construction projects that were initiated in Q1 2022, according to GlobalData’s construction projects database.

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1. JR Koiwa Station North Exit District Type One Urban Redevelopment – $559m

The project involves the construction of a 110m high, 30-story above ground, and one-story below ground mixed-use tower with a floor area of 94,709m2 on 0.86ha of land in Tokyo, Japan.

Construction work started in Q1 2022 and is expected to be completed in Q1 2027.

The project aims to create a lively city area by integrally constructing a redevelopment building and improving the station square.

2. Hirakatashi Station Area Type One Urban Redevelopment – $392m

The project involves the construction of commercial buildings on 2.2ha of land in Hirakata, Osaka, Japan.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2025.

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

3. Aeon Mall Deltamas – $250m

The project involves the construction of a 90,000m2 shopping mall on 20ha of land in Bekasi Regency, West Java, Indonesia.

Construction work started in Q1 2022 and is forecast to complete in Q2 2024.

The project aims to provide a diverse range of amenities including a shopping complex and entertainment facilities to meet the lifestyle needs of people in the region.

4. Thane Grade A Commercial Development – $107m

The project involves the construction of a 92,903m2 commercial facilities on 4ha of land in Thane, Maharashtra, India.

Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.

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

5. Kalkallo Town Centre – $52m

The project involves the construction of a 8,000m2 retail hub in Melbourne, Victoria, Australia.

Construction work started in Q1 2022 and is expected to be completed in Q1 2023.

The project aims to provide essential retail amenities to the people in the region. It will create 200 jobs.

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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