According to GlobalData, the value of Spain construction market is forecast to decline by 0.3% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output rising by 2.9% 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 the top five commercial and leisure construction projects that commenced in Spain in Q1 2024, according to GlobalData’s construction projects database.
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1. Huesca Data Centre Complex Expansion
The project involves the expansion of a data center complex in Aragon.
Construction work started in Q1 2024 and is expected to be completed in Q4 2028.
2. Sevilla Commercial Complex Redevelopment
The project involves the redevelopment of a commercial complex in Seville, Andalusia.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2026.
The project’s aim is to meet the growing demand for commercial facilities like hotels, retail, and other amenities for people in the region.
3. Tres Cantos Quetta Data Center
The project involves the construction of a data center in Tres Cantos, Madrid.
Construction work started in Q1 2024 and is forecast to complete in Q4 2025.
The project’s aim is to provide IT space for low latency data traffic, such as content providers, IoT or gaming companies. The project is a part of $537 million (EUR500 million) investment, construction and management of 6 “Edge” data centers in Spain and Portugal. Buy the profile here.
4. Las Tablas Office Building
The project involves the construction of an office building in Las Tablas, Madrid.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2026.
The project’s aim is to meet the growing demand for office facilities in the region.
5. Noa Office Building
The project involves the construction of the Noa office building in Malaga, Andalusia.
Construction work started in Q1 2024 and is expected to be completed in Q1 2026.
The project’s aim is to meet the growing demand for office facilities for corporate sectors in the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
