According to GlobalData, the value of Australia construction market is forecast to decline by 2.7% in real terms in 2023, having decreased by 0.4% in 2022. A key growth market will be the infrastructure market, with output rising by 3.8% 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 leisure and hospitality building construction projects that commenced in Australia in Q2 2023, according to GlobalData’s construction projects database.
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1. Melbourne Arts Precinct Redevelopment
The project involves the redevelopment of the Melbourne arts precinct in Melbourne, Victoria.
Construction work started in Q2 2023 and is expected to be completed in Q4 2027.
The project aims to reshape Melbourne’s cultural and creative precinct and improve the functional aspects of the existing institutions, incorporating the new facilities at the arts precinct. Buy the profile here.
2. Adelaide Central Market Arcade Redevelopment
The project involves the construction of a 39-story mixed-use tower in Adelaide, South Australia.
Construction work commenced in Q2 2023 and is expected to finish in Q1 2026.
The project aims to provide better commercial and residential facilities in the region. The redevelopment will foster a local, diverse, and multicultural place responding to the changing consumer needs. Buy the profile here.
3. Archibald Mixed-Use Complex
The project involves the construction of a mixed-use complex comprising two towers with 323 apartments and 130 hotel rooms on 0.56ha of land in Gosford, New South Wales.
Construction work started in Q2 2023 and is forecast to complete in Q3 2024.
The project aims to provide better residential and hotel facilities in the region. Buy the profile here.
4. Fitzroy Gasworks Sport Centre
The project involves the construction of a two-story, vertical multi-use sports center in Fitzroy, Victoria.
Construction work commenced in Q2 2023 and is expected to be completed in Q3 2024.
The project aims to support local sports clubs and encourage more of the community to get active. It will create 150 construction jobs. Buy the profile here.
5. Hunter Sports Centre Expansion
The project involves the expansion of a hunter sports center in Glendale, New South Wales.
Construction work started in Q2 2023 and is expected to be completed in Q4 2024.
The project aims meet the need of the growing population by delivering a state-of-the-art sporting facilities that will nurture the talents of athletes from regional Australia and empowering them to compete in national and international events. 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.
