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 commercial and leisure construction projects that commenced in Australia in Q4 2023, according to GlobalData’s construction projects database.
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1. Craigieburn Robotics Fulfillment Center
The project involves the construction of a four-story, 209,000m2 fulfillment center in Melbourne, Victoria.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project is also known as MEL9 ARS Facility and aims to expand Amazon’s business in Australia and serve customers more quickly and efficiently. Buy the profile here.
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2. Westlink Industry Park Distribution Center
The project involves the construction of a 68,000m2 retail distribution center on 10.8ha of land in Sydney, New South Wales.
Construction work commenced in Q4 2023 and is expected to finish in Q3 2024.
It intends to provide better distribution facilities in the region. Buy the profile here.
3. Light Horse Interchange Business Hub
The project involves the construction of 39.38ha of the business hub in Sydney, New South Wales.
Construction work started in Q4 2023 and is forecast to complete in Q1 2024.
The project aims to provide better storage and distribution facilities in the region.
4. Sydney Business Park: Stage 3
The project involves the construction of a business park on 15.9ha of land in New South Wales.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to enhance the office and industrial space in the region. It will create 450 construction and 610 operational jobs. Buy the profile here.
5. Kemps Creek Retail Distribution and Fulfilment Facility
The project involves the construction of a 68,000m2 retail distribution and fulfilment facilities with a storage capacity one million on 10.8ha of land in New South Wales.
Construction work started in Q4 2023 and is expected to be completed in Q1 2025.
The project aims to dispatch 37 million items each year. 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.
