The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2023, having grown by 4.0% in 2022. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest multi-family housing construction projects that were initiated in Q3 2023, according to GlobalData’s construction projects database.
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1. Udaondo Mixed-Use Towers Development
The project involves the construction of three 100m-tall towers on a 16ha site area at the Innovation Park Park in Núñez, Buenos Aires, Argentina.
Construction work started in Q3 2023 and is expected to be completed in Q4 2028.
The project is planned based on values of sustainability and environmental responsibility, which translate into conscious constructive decisions to protect the environment and society.
2. Altaire Apartment Building
The project involves the construction of a 112m tall, 32-story apartment building with two and three bedroom units in Guatemala City, Guatemala Department, Guatemala.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2027.
The project’s main objective is to provide better residential facilities in the region. Buy the profile here.
3. Bela Vista Connect Paulista Residential Complex
The project involves the construction of a residential complex at Bela Vista in São Paulo, Brazil.
Construction work started in Q3 2023 and is forecast to complete in Q2 2025.
The objective of the project is to provide enhanced living facilities in the region. Buy the profile here.
4. Porto Maravilha Epicentro Residential Complex
The project involves the construction of a Epicentro residential complex on area of 0.27ha in Rio de Janeiro, Brazil.
Construction work commenced in Q3 2023 and is expected to be completed in Q2 2025.
The objective of the project is to provide enhanced living facilities in the region. Buy the profile here.
5. S14 Apartments Residential Complex
The project involves the construction of a residential complex at Av. Arequipa No. 1437-1441 Santa Beatriz in Cercado de Lima, Lima, Peru.
Construction work started in Q3 2023 and is expected to be completed in Q4 2024.
The project aims to provide better residential facilities in the region. 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.
