Here are Europe’s five largest retail building construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.
1. Nexum Retail Park Shopping Center – $115m
The project involves the construction of the Nexum Retail Park shopping center with three buildings on a 4.8ha area in Fuenlabrada, Madrid, Spain.
Construction work started in Q2 2022 and is expected to be completed in Q4 2023.
The project’s aim is to meet the growing demand for retail, hotel, student apartments and office facilities in the region.
2. Grenoble Grand Place Shopping Center Expansion – $64m
The project involves the expansion of a two-story 19,000m2 Grand Place shopping center on a 5.2ha of land in Grenoble, Auvergne-Rhone-Alpes region, France.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2023.
The shopping center expansion is the second phase and final stage of the metamorphosis of Grand’Place.
3. Tonsberg Shopping Center – $50m
The project involves the construction of a 20,000m2 shopping center in Vestfold, Norway.
Construction work started in Q2 2022 and is forecast to complete in Q3 2024.
The project aims to provide better shopping facilities and retail outlets in the region.
4. Alpes The Style Outlet Centre – $50m
The project involves the construction of a 20,400m2 shopping center in Bellegarde-sur-Valserine, Auvergne-Rhône-Alpes region, France.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.
The purpose of the project is to cater to the growing shopping requirements and to improve the quality of life in the region.
5. Tamworth Retail Park – $27m
The project involves the construction of a retail park on a floor area of 7,432m2 in Tamworth, Staffordshire, the UK.
Construction work started in Q2 2022 and is expected to be completed in Q1 2023.
The project aims to serve as a catalyst for the regeneration of the area creating new and substantial local employment and a brand-new trade and retail destination.
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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