The value of the UK construction market is forecasted by GlobalData 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 five largest construction projects initiated in the UK during Q3 2023, according to GlobalData’s construction projects database.
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1. Jackdaw Oil and Gas Field
The Jackdaw project involves an offshore oil and gas field development with a production capacity of 60 million to 170 million barrels of oil equivalent in block 30/2a, North Sea.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The Jackdaw field is located in the Central North Sea area 250 km east of Aberdeen and 10 km north-east of the Jade field. It is a high-pressure high-temperature gas condensate field in the UK North Sea blocks 30/2a, 30/2ad, and 30/3a. Buy the profile here.
2. Convoys Wharf Mixed-Use Community
The project involves the construction of three mixed-use facilities on 16ha of land in London.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2028.
The proposed project is a redevelopment of the Deptford dockyard. Buy the profile here.
3. St Michael’s Mixed-Use Complex
The project involves the construction of a 65,000m2, 40-story mixed-use complex on 0.7ha of land in Manchester, England.
Construction work started in Q3 2023 and is forecast to complete in Q4 2027.
The project aims to become a landmark development and provide better residential, retail, commercial, hospitality, and leisure facilities in Manchester. It is designed to achieve BREEAM Outstanding, WELL Platinum, and NABERS 5-star ratings. Buy the profile here.
4. The Oriel Eye Hospital
The project involves the relocation of the Moorfields Eye Hospital and UCL Institute of Ophthalmology to the St Pancras Hospital site on 2.02ha of land in King’s Cross, London.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2027.
The new facilities aims to integrate eye care, research, and education in a single building and drive innovation, and invention and encourage ground-breaking research into eye health. Buy the profile here.
5. North Kyle Wind Farm 221 MW
The project involves the construction of a 221MW wind farm on 2,061ha of land in East Ayrshire.
Construction work started in Q3 2023 and is expected to be completed in Q4 2025.
The project benefits the economy and local communities by generating 481,350 MWh of sufficient power for 93,980 homes and offsetting up to 217,419 tonnes of carbon dioxide. 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.
