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October 21, 2021updated 15 Jul 2022 7:43am

Five largest construction projects initiated in Japan in Q3 2021

By Carmen

Here are the five largest construction projects initiated in Japan during Q3 2021, according to GlobalData’s construction projects database.

1. Hamamatsucho Shibaura 1 Chome Redevelopment – $3,170m

The project involves the construction of a 550,000m2 mixed-use complex comprising of two 232.55m tall buildings each on 4ha of land in Minato-Ku, Tokyo, Japan.

Construction work started in Q3 2021 and is expected to be completed in Q4 2030.

It is located in the Hamamatsucho district, close to a station for magnetic-levitation bullet train service.

2. Shibaura 1-Chome Mixed-Use Complex – $500m

The project involves the construction of a 550,000m2 mixed-use complex on 4.7ha of land in Minato City, Tokyo, Japan.

Construction work commenced in Q3 2021 and is expected to finish in Q4 2030.

The project aims to provide better commercial, residential, and leisure facilities in the region.

3. Minamikoiwa 6-Chome District Type One Urban Redevelopment – $463m

The project involves the construction of three blocks on 0.9ha of land in Edogawa-Ku, Tokyo, Japan.

Construction work started in Q3 2021 and is forecast to complete in Q1 2026.

The project’s main aim is to enhance leisure, retail and commercial facilities in the region.

4. Prologis Park Tsukuba 3 – $450m

The project involves the construction of a five-story, 1,57,313.11m2 logistics park on 6.85ha of area in Tsukuba, Ibaraki, Japan.

Construction work commenced in Q3 2021 and is expected to be completed in Q1 2023.

The project aims to provide better logistics and storage facilities in the region and enhance the landscape of the entire Japanese logistics industry.

5. Minamihorie 3-Chome Condominium Tower – $400m

The project involves the construction of a 164.58m tall, 53,386.20m2, 46-story condominium tower on 0.37ha of land in Nishi-ku, Osaka, Japan.

Construction work started in Q3 2021 and is expected to be completed in Q4 2024.

The project aims to provide better residential facilities in the region.

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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