The value of Germany construction market is forecasted by GlobalData to decline by 3.5% in real terms in 2023, having decreased by 3.2% in 2022. A key growth market will be the infrastructure market, with output dropping by 2.3% 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 five largest construction projects initiated in Germany during Q4 2023, according to GlobalData’s construction projects database.
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1. A-Nord HVDC Transmission Line
The project involves the construction of a 24m wide corridor for a power line of a 300km, 320kV to 525kV high-voltage direct current (HVDC) power line from Emden East and Osterath in Germany.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
It is a part of Corridor A and aims to find the most compatible corridor course for the planned underground cable route. Buy the profile here.
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2. Die Welle Mixed-Use Development
The project involves the construction of the Die Welle high-rise buildings on a 5.26ha land area with a 77,000m2 gross floor area in Cologne-Marienburg, North Rhine-Westphalia.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2027.
The project aims to meet the growing demands in the housing and commercial regions. Buy the profile here.
3. Yorcks Campus Renovation
The project involves the renovation of the Yorcks Campus in Dusseldorf-Derendorf, North Rhine-Westphalia.
Construction work started in Q4 2023 and is forecast to complete in Q4 2024.
The project aims to offer modern office, training, retail, fitness, and hospitality facilities to meet the future needs in the region. Buy the profile here.
4. A45 Motorway Rahmede Viaduct Redevelopment
The project involves the construction of the Rahmede bridge in Lüdenscheid, North Rhine-Westphalia.
Construction work commenced in Q4 2023 and is expected to be completed in Q3 2026.
The project aims to build a bridge with modern infrastructure to reduce traffic congestion and to leave and struggle through overcrowded alternative routes. Buy the profile here.
5. Hamburg Youth Center Development
The project involves the construction of the Hamburg Youth Center in Hamburg-Billwerder.
Construction work started in Q4 2023 and is expected to be completed in Q1 2027.
The project aims to sustainably improve the quality of the youth prison facilities and working conditions for the employees and to restructure and secure the future of the Hamburg prison building. 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.
