According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. A key growth market will be the infrastructure market, with output rising by 1.5% 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 commercial and leisure construction projects that commenced in Japan in Q3 2024, according to GlobalData’s construction projects database.
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1. Uchisaiwaicho 1-Chome District Redevelopment
The project involves the construction of a mixed-use complex with a floor area of 1,100,000m2 comprising four towers on 6.5ha of land in Tokyo.
Construction work started in Q3 2024 and is expected to be completed in Q1 2038.
The project aims to provide better commercial and leisure facilities in the region.
2. CyrusOne KEP OSK1
The project involves the construction of a four-story, 19,693m2 data center with a capacity of 48MW in Kansai.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2030.
3. DPL Osaka Nanko I Logistic Center
The project involves the construction of an 85,799.87m2, five-story, logistics facilities on 3.43ha of land in Osaka City, Osaka Prefecture.
Construction work started in Q3 2024 and is forecast to complete in Q3 2026.
4. LOGI’Q Hasuda Logistic Facility
The project involves the construction of a 98,370.24m2, four-story logistics facilities on 4.68ha of land in Hasuda City, Saitama Prefecture.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2026.
5. DPL Kuki Miyashiro II Logistics Facility
The project involves the construction of a 58,517.98m2, three-story, logistics facilities on 8.70ha of land in Minamisaitama, Saitama Prefecture.
Construction work started in Q3 2024 and is expected to be completed in Q2 2026.
For more details on the latest construction projects, buy the profiles here.
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