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 leisure and hospitality building construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Huddersfield Town Center Regeneration: Cultural Heart Scheme
The project involves the construction of a 39,850m2 mixed-use complex in Huddersfield, the UK.
Construction work started in Q3 2024 and is expected to be completed in Q3 2027.
It will create 460 jobs in the region and generate $13 million annually in social value.
2. Ostrov Fortov Tourist And Recreational Center
The project involves the construction of a tourist and recreational center on 150ha of land in Kronstadt, Saint Petersburg, Russia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
The aim of the project is to develop the tourist and cultural facilities, provide a platform for demonstrating the history of the maritime glory of Russia.
3. Wita Stwosza Street Student Accommodation
The project involves the construction of a student accommodation facilities in Krakow, Poland.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
4. Levantehaus Conrad Hotel Renovation
The project involves the renovation of the hotel complex in the Levantehaus, Hamburg, Germany.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2025.
The project aims to meet the growing demand in the hotel and leisure facilities.
5. Ostrava Concert Hall
The project involves the construction of a 1,300-seater concert hall within the campus of the existing House of Culture in Ostrava, Moravskoslezsky, Czech Republic.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
For more details on the latest construction projects, buy the profiles here.
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