The value of Germany construction market is forecasted by GlobalData to decline by 3.5% in real terms in 2024, having decreased by 3.2% in 2023. 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 2024, according to GlobalData’s construction projects database.
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1. Pfaffenhofen an der Ilm Pharmaceutical Plant
The project involves the construction of a new building for Antibody-Drug Conjugate (ADC) in Pfaffenhofen an der Ilm, Bavaria.
Construction work started in Q4 2024 and is expected to be completed in Q4 2030.
2. Dortmund ICE maintenance plant
The project involves the construction of a new ICE maintenance plant on 25ha of land in Dortmund-Hafen.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Schrobenhausen Matra BAe Dynamics Aérospatiale Plant Expansion
The project involves the construction of Europe’s first Patriot missile production facilities at MBDA’s Schrobenhausen site in Bavaria.
Construction work started in Q4 2024 and is forecast to complete in Q3 2026.
4. Borstel Petersen Park Mixed-Use Development
The project involves the construction of the Petersen Park mixed-use on a 6ha of land, with a gross floor area of 100,000m2 at Niendorfer Weg and Papenreye in Borstel, Hamburg.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
The project aims build a residential and nursing home facilities with modern amenities in order to meet the growing demand. Buy the profile here.
5. Waldau Open School
The project involves the construction of Waldau Open School at Stegerwaldstr. 45 in Kassel, Hesse.
Construction work started in Q4 2024 and is expected to be completed in Q2 2027.
The project aims to build a school facilities with modern facilities in order to meet the growing demand for an educational facilities with the latest standards.
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.
