The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. 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 multi-family housing construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Art Quarter Publicist Residential Complex
The project involves the construction of the Art Quarter Publistist Residential Complex on a 668,000m2 area in the Pushkinsky, Moscow, Russia.
Construction work started in Q3 2024 and is expected to be completed in Q2 2027.
2. Korsakov Far Eastern Quarter Development
The project involves the construction of the Far Eastern Quarter Development in the city of Korsakov, Sakhalin, Russia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2046.
3. Victory Quay Residential Community
The project involves the construction of 11-storey residential blocks comprising 835 homes in Portsmouth, the UK.
Construction work started in Q3 2024 and is forecast to complete in Q4 2029.
The site has received multiple planning permissions over nearly 75 years. Buy the profile here.
4. Staytion Residential Quarter
The project involves the construction of the Staytion Residential Quarter on the Pankow Forum site between Damerowstrasse 8, 11 and Hadlichstrasse 18, 19 near the Pankow-Heinersdorf S-Bahn station, Berlin- Pankow, Germany.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2030.
5. Green Apple Residential Complex
The project involves the construction of a residential complex on a 363,000m2 area in Yablonovskiy, Adygeya, Russia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
The aim of the project is to ensure a comfortable stay with all required facilities for residents and also to improve the quality of living in the region. It will create 1,000 new jobs.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
