The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2023, having grown by 1.1% in 2022. A key growth market will be the infrastructure market, with output rising by 0.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Europe’s five largest commercial and leisure construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. Birmingham Logistic Complex
The project involves the construction of logistic facilities ranging from 1,858m2 to 9,2903m2 on 297ha of land.
Construction work started in Q4 2023 and is expected to be completed in Q1 2034.
The project aims to provide logistic facilities to the industries in the region. It will create 8,500 direct jobs and 8,100 indirect jobs. Buy the profile here.
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2. West Midlands Strategic Rail Freight Interchange
The project involves the construction of a 743,224m2 warehousing rail freight terminal on 297ha of land in Staffordshire, the UK.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2034.
The project aims to build a freight interchange that links directly to the West Coast Mainline and reduces the costs of moving freight and reduces HGV trips on the national and regional road network and provides BREEAM Excellent energy-certified storage and distribution facilities. It will bring £427 million to the local economy and an extra $1,180 million to the national economy. Buy the profile here.
3. Camp Nou Stadium Renovation
The project involves the renovation of the Camp Nou stadium in Barcelona, Spain.
Construction work started in Q4 2023 and is forecast to complete in Q3 2026.
The objective of this project is to provide more seating capacity and other related facilities for spectators in the stadium. Buy the profile here.
4. Athens Hard Rock Hotel and Casino
The Hard Rock Hotel & Casino Athens project involves the construction of 205,000m2 of a Hard Rock Hotel & Casino in Attica, Greece.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to bring a unique brand of entertainment that provides an unparalleled experience for guests of all ages. It is expected to generate 3,000 construction jobs and 3,000 permanent jobs.
5. Oldambt Hyperscale Data Center
The project involves the construction of a 65MW data center on 13ha of land in Winschoten City, Groningen, the Netherlands.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project is part of Google’s $500 expansion project in the Dutch region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
