Here are the largest single-family housing construction projects initiated globally in Q1 2022, according to GlobalData’s construction projects database.
1. Thorpebury Housing Community – $709m
The project involves the construction of 4,500 homes on 364ha of land in the East Midlands, England, the UK.
Construction work started in Q1 2022 and is expected to be completed in Q3 2029.
The project aims to provide better residential facilities for the residents of Leicester.
2. Bloemendal Residential District – $600m
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The project involves the construction of a residential community comprising 1,550 homes on 80ha of land in Gelderland, the Netherlands.
Construction work commenced in Q1 2022 and is expected to finish in Q3 2030.
The aim of the project is to provide better residential, green and sustainable facilities in the region.
3. Sonnenweiher Grafenwoerth Mixed-Use Development – $234m
The project involves the construction of the Sonnenweiher Grafenwörth mixed-use complex on a 13.7ha area in Grafenwörth, Lower Austria.
Construction work started in Q1 2022 and is forecast to complete in Q4 2025.
The project’s aim is to provide luxurious residential facilities along with recreational amenities for people in the region. The project will be a showcase of how future opportunities can also be used in rural regions.
4. Cloverhill Residential Community – $203m
The project involves the construction of a residential community on 22.6ha of land, comprising 536 homes at the Bridge of Don, Cloverhill in Aberdeen City, the UK.
Construction work commenced in Q1 2022 and is expected to be completed in Q1 2025.
The project site was formally zoned for employement land and was originally brought for residential development by Cognito Oak, a joint venture involving HBD and local developers, Wraith. Planning permission in principle was granted in April 2020. But Aberdeen City Council acquired the project site as part of a procurement exercise to meet its housing demand.
5. Crewkerne Residential Community – $200m
The project involves the construction of 635 residential homes at Crewkerne in Somerset, England, the UK.
Construction work started in Q1 2022 and is expected to be completed in Q4 2027.
The main aim of the project is to provide residential facilities in the region.
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.