Here are Europe’s five largest retail building construction projects that were initiated 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. 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 commenced in Q1 2022 and is expected to finish in Q3 2030.
The aim of the project is to residential and commercial facilities in the region.
3. Alba Iulia Retail Mall – $49m
The project involves the construction of a retail facilities in Alba, Romania.
Construction work started in Q1 2022 and is forecast to complete in Q4 2022.
The project is a part of the $1,858 million investment program to construct 11,200 apartments in Romania.
4. Darley Street Market Redevelopment – $32m
The project involves the redevelopment of the Bradford market at Darley Street in Bradford, the UK.
Construction work commenced in Q1 2022 and is expected to be completed in Q2 2023.
The project aims to provide a dynamic, vibrant, and diverse shopping location for visitors by demolishing several vacant stores.
5. Pioneer Place cinema and leisure complex – $31m
The project involves the construction of a town center complex on 1.5ha of land in Burnley, Lancashire, the UK.
Construction work started in Q1 2022 and is expected to be completed in Q2 2023.
The project aims to provide better leisure and retail facilities in the region. It will create 300 jobs.
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.
