Here are the top five multi-family housing construction projects that commenced in Australia in Q3 2021, according to GlobalData’s construction projects database.
1. Elizabeth Quay Lot V and Lot VI Mixed-Use Complex – $841m
The project involves the construction of two mixed-use towers on 7,000m2 of area comprising 58-story mixed-use tower and a 21-story commercial tower on Lot 5 and 6 at Elizabeth Quay in Perth, in Western Australia.
Construction work started in Q3 2021 and is expected to be completed in Q4 2025.
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2. Waterfront Newstead Mixed-Use Development – $714m
The project involves the construction of a mixed-use development in Newstead, Queensland, Australia.
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Construction work commenced in Q3 2021 and is expected to finish in Q1 2024.
The project aims to provide better residential facilities in the region.
3. Tallawong Station Town Center – $472m
The project involves the construction of a town center with 17 buildings ranging between 2 and 8 stories comprising 1,100 residential units in Sydney, New South Wales.
Construction work started in Q3 2021 and is forecast to complete in Q2 2025.
The project aims to provide better residential facilities in the region.
4. Box Hill Mixed-Use Community – $461m
The project involves the construction of a 250,000m2 mixed-use community across seven sites in Box Hill, Victoria.
Construction work commenced in Q3 2021 and is expected to be completed in Q1 2030.
The project aims to develop a mixed-use community on land fronting Whitehorse Road with apartments, offices, a hotel, and retail space.
5. The Grove Residences – $206m
The project involves the construction of residential facilities comprising 247 apartments on 1.57ha of land in Perth, Western Australia.
Construction work started in Q3 2021 and is expected to be completed in Q1 2023.
The aim of the project is to redevelop the Sundowner Hostel aged care facilities into a residential facility.
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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