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 multi-family housing construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. HILS Republica Mixed-Use Complex
The project involves the construction of a 180,000m2 mixed-use complex in Bucharest, Romania.
Construction work started in Q4 2023 and is expected to be completed in Q4 2033.
The project aims to transform the former Faur-Republica industrial area into a mixed-use complex. Buy the profile here.
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2. Trinity Islands Residential Complex
The project involves the construction of a residential complex comprising four towers ranging from 39- to 60 stories with 1,950 apartments on 1.9ha of land in Manchester, the UK.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2032.
The project aims to provide better residential facilities.
3. Ellinikon Little Athens Residential Complex
The project involves the construction of a 153,000m2 residential community comprising 1,230 apartments in Attica, Greece.
Construction work started in Q4 2023 and is forecast to complete in Q4 2030.
The project is known as the “Park Rise”. Buy the profile here.
4. Vidnoye Residential Complex
The project involves the construction of a residential complex on 156.7ha of land, with a gross area of 1,380,000m2 in Vidnoye, Moscow Oblast, Russia.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to build a better residential facilities in the region. Buy the profile here.
5. Pride Residential Complex
The project involves the construction of the Pride Residential Complex on 5.6ha of land with a gross area of 165,600m2 in Moscow, Russia.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to cater to the need for residential facilities in the region. Buy the profile here.
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.
