According to GlobalData, the value of Spain construction market is forecast to decline by 0.3% in real terms in 2023, having grown by 3.5% in 2022. A key growth market will be the infrastructure market, with output rising by 2.9% 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 the top five commercial and leisure construction projects that commenced in Spain in Q3 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Madrid One Data Center Complex
The project involves the construction of the Madrid One data center complex in Fuenlabrada.
Construction work started in Q3 2023 and is expected to be completed in Q1 2028.
The project’s aim is to meet the growing demand for state-of-the-art technology infrastructure for the technology industry in the region. Buy the profile here.
2. Valdebebas Office Complex
The project involves the construction of an office complex in Valdebebas, Madrid.
Construction work commenced in Q3 2023 and is expected to finish in Q2 2026.
The project’s aim is to meet the growing demand for state-of-the-art office facilities in the region. Buy the profile here.
3. Conrad Costa del Sol Hotel
The project involves the construction of the Conrad Costa del Sol hotel in Casares, Malaga, Andalusia.
Construction work started in Q3 2023 and is forecast to complete in Q3 2025.
The project’s aim is to meet the growing requirement of luxurious hotel amenities for national and international tourists and to bring its ultra-luxury brand ‘Conrad’ to Spain in the region. Buy the profile here.
4. BA2 International Business Exchange Data Centre
The project involves the construction of the BA2 International Business Exchange Data Center in Barcelona, Catalonia.
Construction work commenced in Q3 2023 and is expected to be completed in Q1 2024.
The project’s aim is to accelerate the implementation of the new data center in the metropolitan region, through infrastructure which is vital for the digitization of companies and the transformation of the economic and social model. Buy the profile here.
5. Node Barakaldo Apartment Hotel Tower
The project involves the construction of the the Node Barakaldo apartment hotel in Biscayan Town, Barakaldo Municipality, Basque Country.
Construction work started in Q3 2023 and is expected to be completed in Q3 2025.
The aim of the Node Barakaldo Project is to offer high-quality accommodation services for visitors and to develop an alternative for temporary accommodation in which the inhabitants of the municipality themselves participate and which, in turn, contributes to creating a community in which all those who make it up feel perfectly integrated.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
