According to GlobalData, the value of the UK construction market is forecast to decline by 1.9% in real terms in 2023, having grown by 4.1% in 2022. A key growth market will be the infrastructure market, with output rising by 3.1% 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 the top five multi-family housing construction projects that commenced in the UK in Q4 2023, according to GlobalData’s construction projects database.
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1. 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.
Construction work started in Q4 2023 and is expected to be completed in Q4 2032.
The project aims to provide better residential facilities.
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2. Lichfield Housing Community
The project involves the construction of 468 homes residential community across 40.5ha of land located off Watery Lane at Curborough and Elmhurst in Lichfield, Staffordshire.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2027.
The development will make a valuable contribution towards providing an appropriate mix and tenure of affordable housing. Buy the profile here.
3. Glenmona Mixed-Use Urban Village
The project involves the construction of a mixed-use urban village comprising 653 residential homes on 34ha of land in the City of Belfast.
Construction work started in Q4 2023 and is forecast to complete in Q4 2028.
The project aims to provide much-needed social and affordable housing facilities in the region and to improve the quality of life for the residents.
4. Huyton Village Center Regeneration
The project involves the regeneration of Huyton Village in Knowsley.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2031.
The project aims to transform the Huyton Village Center to provide better residential, retail, and commercial facilities in the region. It will create 1,700 operational jobs.
5. Holloway Park Residential Community
The project involves the construction of a residential community comprising 985 homes across 4.16ha of land at the former Holloway Women’s Prison site located on Parkhurst Road in Holloway, Islington, Greater London.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to provide better housing 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.
