According to GlobalData, the value of Australia construction market is forecast to decline by 2.7% in real terms in 2024, having decreased by 0.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.8% 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 Australia in Q4 2024, according to GlobalData’s construction projects database.
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1. Maidstone Tram Maintenance and Stabling Facility
The project involves the construction of a tram maintenance and stabling facilities to accommodate 100 new trams in Maidstone, Victoria.
Construction work started in Q4 2024 and is expected to be completed in Q3 2025.
The aim of the project is to make Maidstone the home of the new trams as existing depots reach capacity and to reduce the need for new tracks and other infrastructure. It will create 280 jobs during construction. Buy the profile here.
2. Hollinsworth Data Center
The project involves the construction of six, four-story 504MW data center campus on 21ha of land in Northwest Sydney’s Marsden Park, Sydney, New South Wales.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
3. 28 Albert Road Hotel Development
The project involves the construction of a 23-story hotel in Melbourne, Victoria.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Payneham Memorial Swimming Center Redevelopment
The project involves the redevelopment of the swimming center in Felixstow, South Australia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Bendigo Prime Business Park
The project involves the construction of a business park on 2.23ha of land in Bendigo, Victoria.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
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.
