According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. A key growth market will be the infrastructure market, with output rising by 1.5% 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 commercial and leisure construction projects that commenced in Japan in Q2 2024, according to GlobalData’s construction projects database.
1. Minami Ekimae Hotel
The project involves the construction of a 13,000m2, 30-story hotel comprising 600 rooms in a 0.13ha area of land at 2-chrome Matsubara-cho, Minami-ku, Hiroshima-shi, Hiroshima Prefecture.
Construction work started in Q2 2024 and is expected to be completed in Q3 2028.
2. NRT14 Inzai Data Center
The project involves the construction of a 22,800m2 six-story data center with a consumption capacity of 31MW in Inzai, Chiba Prefecture.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2025.
3. MFLP Ichinomiya
The project involves the construction of a four-story, logistics facilities with a floor area of 60,403m2 on a 3ha of area in Ichinomiya, Aichi.
Construction work started in Q2 2024 and is forecast to complete in Q2 2025.
It will be a slope-type facilities.
4. Nishinomiya Central Sports Park Redevelopment
The project involves the redevelopment of a sports park on 6.6ha of land in Nishiminomiya, Hyogo.
Construction work commenced in Q2 2024 and is expected to be completed in Q1 2029.
The project aims to improve growing sports facilities requirements in the region. to provide the track and field is a Type 4 certified all-weather track (400 meters x 9 lanes).
5. Tenjin 1-7 Mixed-use Tower
The project involves the construction of a 91m-high, 73,958.86m2 mixed-use tower comprising 21-story above the ground and four-story below the ground on 0.64ha of land at 1-326-1 Tenjin, Chuo-ku, Fukuoka City, Fukuoka Prefecture.
Construction work started in Q2 2024 and is expected to be completed in Q4 2027.
The project will come up at the site of the former commercial building `IMS’.
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.
