The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest retail building construction projects that were initiated in Q1 2024, according to GlobalData’s construction projects database.
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1. Accrington Town Square Redevelopment
The project involves the construction and refurbishment of Accrington Market Hall’s three sites Market Hall, Market Chambers, and Burtons Chambers. in England, Lancashire, the UK.
Construction work started in Q1 2024 and is expected to be completed in Q4 2026.
Upon completion, the project is expected to generate up to $12 million for the local economy each year, entice up to 820,000 visitors annually, and support hundreds of new jobs. Buy the profile here.
2. Aberdeen Market Redevelopment
The project involves the construction of a 11,148m2 commercial complex in Aberdeen, the UK.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2026.
3. Policka Vendo Park
The project involves the construction of a 22,000m2 retail park on 5.5ha of land in Szczecin, Poland.
Construction work started in Q1 2024 and is forecast to complete in Q4 2024.
The project aims to provide a greater shopping experience for customers. Buy the profile here.
4. Parkmaxx Retail Park
The project involves the construction of a 42,000m2 Parkmaxx Retail Park on 16ha in Plovdiv, Bulgaria.
Construction work commenced in Q1 2024 and is expected to be completed in Q2 2025.
5. Osada Park Handlowy Retail Park
The project involves the construction of a 30,000m2 retail park on 10ha of land in Zyrardów, Masovian Voivodeship, Poland.
Construction work started in Q1 2024 and is expected to be completed in Q4 2025.
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.
