According to GlobalData, the value of the UK construction market is forecast to decline by 1.9% in real terms in 2024, having grown by 4.1% in 2023. A key growth market will be the infrastructure market, with output rising by 3.1% 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 top five multi-family housing construction projects that commenced in the UK in Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Victory Quay Residential Community
The project involves the construction of 11-storey residential blocks comprising 835 homes in Portsmouth.
Construction work started in Q3 2024 and is expected to be completed in Q4 2029.
The site has received multiple planning permissions over nearly 75 years. Buy the profile here.
2. The Charter Development
The project involves the construction of a residential community comprising three building blocks, with 242 build-to-rent apartments, ranging from three- to ten-story in height in Gravesend, Kent, England.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
It is the first stage of Gravesend town center regeneration.
3. Upavon Single Living Accommodation
The project involves the construction of Single Living Accommodation (SLA) buildings in Upavon, Wiltshire, UK.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
4. White Croft BTR Residential Community
The project involves the construction of a residential community ranging from seven to 17 stories comprising 234 built-to-rent apartments on 2.30ha of land in Sheffield.
Construction work commenced in Q3 2024 and is expected to be completed in Q2 2026.
It will create 110 construction jobs. Buy the profile here.
5. Agora Centre Redevelopment
The project involves the construction of a residential community comprising 115 homes in six blocks ranging from two to four stories in Milton Keynes.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The project is also referred to as “Love Wolverton”.
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.
