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 institutional building construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Gartree High-Security Jail
The project involves the construction of a four-story high-security jail in Market Harborough, Leicestershire, the UK.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
The project aims to aid the rehabilitation of offenders, helping make our communities safer and boost the $103 economy in the region. Buy the profile here.
2. Krakow Aviation Training Center
The project involves the construction of an aviation training center in Krakow, Poland.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2025.
The project aims to provide training facilities to train pilots, flight attendants, and mechanics from across the continent.
3. Culdrose Royal Naval Airbase Redevelopment
The project involves the redevelopment of the Culdrose Royal Naval Air Station in Cornwall, the UK.
Construction work started in Q4 2024 and is forecast to complete in Q2 2028.
4. Lorrain Museum Expansion
The project involves the renovation and expansion of its Lorraine museum at 66 Grande Rue, Nancy, Grand-Est Region France.
Construction work commenced in Q4 2024 and is expected to be completed in Q2 2029.
The purpose of the project is to provide an appropriate presentation of the valuable works of art from the museum’s historical art collection. Buy the profile here.
5. Belvedere Museum Renovation
The project involves the renovation of the east wing of the branch of the Belvedere Museum in Salzburg, Austria.
Construction work started in Q4 2024 and is expected to be completed in Q2 2027.
The project’s aim is to provide a new exhibition space in Salzburg, to show works from its collection from the Middle Ages to the present day, and make reference to the art and cultural history of Salzburg. Buy the profile here.
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.
