Here are Asia Pacific’s five largest retail building construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.
1. Blackwattle Bay Fish Market Development – $538m
The project involves the construction of a 35,000m2 fish market on 3.6ha of land at the Blackwattle Bay in Sydney, New South Wales, Australia.
Construction work started in Q4 2021 and is expected to be completed in Q3 2024.
The project aims to develop the Sydney Fish Market and double the flow of visitors to one of the city’s biggest attractions.
2. Termez International Trade Center – $75m
The project involves construction of the International Trade Center on a 26ha land in Termez, Surxondaryo, Uzbekistan.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2022.
The aim of the project is to build with lightweight structures, attract regional entrepreneurs and foreign businesses.
3. Leppington Village Shopping Center – $52m
The project involves the construction of an 8,000m2 shopping center in Sydney, New South Wales, Australia.
Construction work started in Q4 2021 and is forecast to complete in Q4 2022.
The project aims to provide enhanced commercial facilities for people in the region.
4. Yodobashi Sendai Commercial Building – $50m
The project involves the construction of a 56.2m high, 76,460m2, 12-story commercial tower on 1.5ha of land in Sendai City, Miyagi, Japan.
Construction work commenced in Q4 2021 and is expected to be completed in Q2 2023.
The project aims to provide better commercial facilities in the region.
5. Auto Bavaria Balakong 4S Center – $29m
The project involves the construction of a 22,607m2 BMW 4S dealership center in Balakong, Selangor, Malaysia.
Construction work started in Q4 2021 and is expected to be completed in Q1 2023.
The aim of the project is to expand BMW’s business and provide better service to customers.
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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