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July 29, 2022

Europe’s five largest office building construction projects that commenced in Q2 2022

By Carmen

Here are Europe’s five largest office building construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.

1. Milan US Consulate General Complex – $351m

The project involves the construction of a new US consulate on 4ha of land in Milan, Lombardy, Italy.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

The existing buildings will become the site of an exhibition gallery and serve as a reception area while the actual consulate offices will be located behind the historic building. The facades and roof will be restored to maintaining the original design.

2. Arteixo Office Building Expansion – $250m

The project involves the construction of an office building in Arteixo, A Coruña, Galicia, Spain.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2023.

The project’s aim is to meet the growing demand for Zara company’s business requirements and to promote horizontal work dynamics between designers, pattern makers and commercial professionals at the premise.

3. Silk District Mixed-Use Community – $224m

The project involves the construction of a 300,000m2 mixed-use facilities on a 10ha of land at Silk District in Iasi, Romania.

Construction work started in Q2 2022 and is forecast to complete in Q4 2026.

The project aims to provide A-grade office component with BREEAM Excellent certification, high-quality apartments, commercial and retail facilities.

4. EMEA Development Center Office Building – $171m

The project involves the construction of an 14-story EMEA Development Center (EDC) office building on a 30,600m2 area in Gent, Flanders region, Belgium.

Construction work commenced in Q2 2022 and is expected to be completed in Q2 2024.

The ultramodern development complex is located at UGent Science Park in Zwijnaarde, Gent.

5. Space House Refurbishment – $150m

The project involves the construction of a 23,690m2 commercial office space in London’s Covent Garden, London the UK.

Construction work started in Q2 2022 and is expected to be completed in Q3 2023.

The property set across two interconnected buildings was designed by Richard Seifert & Partners in 1968 and was first occupied by the Civil Aviation Authority. Both buildings will go through an extensive redevelopment to create 23,690m2 of sustainable and smart Grade A office space.

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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