Five largest retail building construction projects initiated globally in Q1 2022

Here are the largest retail building construction projects initiated globally in Q1 2022, according to GlobalData’s construction projects database.

1. Ostendstraße 1-14 Commercial Buildings – $1,293m

The project involves the construction of a commercial complex on a 10ha area with a gross floor area of 270,000m² at Ostendstraße 1-14, Berlin, Germany.

Construction work started in Q1 2022 and is expected to be completed in Q4 2027.

The project aims to meet the growing requirement for office, retail, hotel and commercial facilities for people in the region.

2. JR Koiwa Station North Exit District Type One Urban Redevelopment – $559m

The project involves the construction of a 110m high, 30-story above ground, and one-story below ground mixed-use tower with a floor area of 94,709m² on 0.86ha of land in Tokyo, Japan.

Construction work commenced in Q1 2022 and is expected to finish in Q1 2027.

The project aims to create a lively city area by integrally constructing a redevelopment building and improving the station square.

3. Hirakatashi Station Area Type One Urban Redevelopment – $392m

The project involves the construction of commercial buildings on 2.2ha of land in Hirakata, Osaka, Japan.

Construction work started in Q1 2022 and is forecast to complete in Q4 2025.

The project aims to provide better residential and commercial facilities in the region.

4. Aeon Mall Deltamas – $250m

The project involves the construction of a 90,000m² shopping mall on 20ha of land in Bekasi Regency, West Java, Indonesia.

Construction work commenced in Q1 2022 and is expected to be completed in Q2 2024.

The project aims to provide a diverse range of amenities including a shopping complex and entertainment facilities to meet the lifestyle needs of people in the region.

5. The Westwood Park Mixed-Use Development – $230m

The project involves the construction of a mixed-use community on a 41ha area in Glenrothes, Scotland, the UK.

Construction work started in Q1 2022 and is expected to be completed in Q3 2030.

The aim of the project is to residential and commercial facilities in the region.

Methodology:
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.