According to GlobalData, the value of the UK construction market is forecast to decline by 1.9% in real terms in 2024, having grown by 4.1% in 2023. 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 commercial and leisure construction projects that commenced in the UK in Q2 2024, according to GlobalData’s construction projects database.
1. 5 Chancery Lane Office Complex
The project involves the construction of a 9,813m2 office complex in Central London, England.
Construction work started in Q2 2024 and is expected to be completed in Q1 2026.
It is expected to achieve a BREEAM Excellent rating and EPC (energy performance certificate) A. Buy the profile here.
2. Verdant office Building
The project involves the construction of 12,541m2 and a 10-story of Verdant office Building in Greater London.
Construction work commenced in Q2 2024 and is expected to finish in Q1 2025.
3. Osborne Terrace Hotel
The project involves the construction of a new hotel on Osborne Terrace in Edinburgh.
Construction work started in Q2 2024 and is forecast to complete in Q2 2027.
4. 100 New Bridge Street Office Redevelopment
The project involves the renovation of an office building at 100 New Bridge Street, next to Ludgate Circus, London, the UK
Construction work commenced in Q2 2024 and is expected to be completed in Q1 2026.
5. Derby 507 Industrial Complex
The project involves the construction of a 47,142m2 industrial complex on 87ha of land at Infinity Park Derby, in Derby.
Construction work started in Q2 2024 and is expected to be completed in Q1 2025.
For more details on the latest construction projects, buy the profiles here.
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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.
