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.
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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.
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. Buy the profile here.
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.
5. Ross Hill Rise Residential Community
The project involves the construction of a residential community comprising 121 two to five-bedroom homes on 6.92ha of land in Bessacarr, Doncaster, South Yorkshire.
Construction work started in Q3 2024 and is expected to be completed in Q3 2028.
The project is also called “Saddlers Chase”. 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.
