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May 17, 2022updated 27 Jul 2022 5:18pm

Five largest construction projects initiated in Germany in Q1 2022

By Carmen

Here are the five largest construction projects initiated in Germany during Q1 2022, according to GlobalData’s construction projects database.

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1. Krampnitz Housing Development – $1,831m

The project involves the construction of the Krampnitz housing complex on 150ha of land at Krampnitz Barracks, Potsdam, Brandenburg.

Construction work started in Q1 2022 and is expected to be completed in Q4 2038.

The project aims to provide living space for 10,000 people.

2. Ostendstraße 1-14 Commercial Buildings – $1,293m

The project involves the construction of a commercial complex on a 10ha area with a gross floor area of 270,000m2 at Ostendstraße 1-14, Berlin.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2027.

The project aims to meet the growing requirement for office, retail, hotel and commercial facilities for people in the region.

3. B 247 Highway: Mühlhausen to Bad Langensalza – $618m

The project involves the construction of a 22km highway between Mühlhausen and Bad Langensalza at B 247 Highway in Thuringia.

Construction work started in Q1 2022 and is forecast to complete in Q4 2025.

The project aims to increase road safety and improve the quality of life for the local residents by relieving traffic from the existing road that crosses right through the neighbouring cities. Some 15,000 vehicles per day are expected to take the new road of which 15% are heavy trucks.

4. Messeeingang Sparda Bank Tower Mixed-Use Complex – $200m

The project involves the construction of a 124-high mixed-use tower with a gross floor area of 32,000m2 in Frankfurt.

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

The aim of the project is to build a mixed-use facilities with modern amenities and meet the growing requirements of various business sectors in the city.

5. Elements Mixed-Use Development – $186m

The project involves the construction of the Elements mixed-use complex on a 7,141m2 area with a gross floor area of 20,000m2 in Berlin.

Construction work started in Q1 2022 and is expected to be completed in Q4 2023.

The project aims to meet the growing demand for office and residential facilities.

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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