The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2023, having grown by 1.1% in 2022. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest retail building construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.

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1. Ostroda Power Center Retail Park

The project involves the construction of a 27,000m2 retail park on 8ha of land in Warmian-Masurian Voivodeship, Poland.

Construction work started in Q4 2023 and is expected to be completed in Q3 2024.

Buy the profile here.

2. Krasno Selo Shopping Complex

The project involves the construction of a 31,000m2 shopping complex in Krasno Selo District, Sofia, Bulgaria.

Construction work commenced in Q4 2023 and is expected to finish in Q2 2025.

The project aims to provide a new, comfortable complex, enriched with lots of greenery for the residents of the area. It is also known as “Holiday Park”. Buy the profile here.

3. Gokra Shopping Complex

The project involves the construction of a 25,000m2 shopping complex in Warmian-Masurian Voivodeship, Poland.

Construction work started in Q4 2023 and is forecast to complete in Q3 2024.

4. Designer Outlet Shopping Center

The project involves the construction of a 23,000m2 shopping center with 120 commercial units in Lesser Poland Voivodeship, Poland.

Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.

The purpose of the project is to provide additional retail and entertainment facilities for all major brands. Buy the profile here.

5. Houghton Colliery Site Retail Complex

The project involves the construction of two retail units in a 4180m2 area in the UK.

Construction work started in Q4 2023 and is expected to be completed in Q4 2024.

The project will create 100 Jobs. Buy the profile here.

For more details on the latest construction projects, buy the profiles here.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.