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 Q4 2024, according to GlobalData’s construction projects database.
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1. Sweet Street West Mixed-Use Complex
The project involves the construction of a mixed-use complex comprising 10- to 27-story building with 1,350 residential units on a 3.05ha of land in Holbeck, Leeds.
Construction work started in Q4 2024 and is expected to be completed in Q1 2029.
The site is bounded to the north by Sweet Street West itself, to the east by Marshall Street and to the south and west by Nineveh Road and the railway line heading east from Leeds towards Castleford. Buy the profile here.
2. Wigan Town Center Redevelopment
The project involves the construction of a residential complex on the former Makinson Arcade, The Galleries, 1 Market Street in Wigan, Greater Manchester.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
3. River Tyne Residential Complex
The project involves the construction of a 30,194m2 with two blocks ranging from five to 12 stories across 2ha of land at Pottery Lane in Newcastle upon Tyne.
Construction work started in Q4 2024 and is forecast to complete in Q4 2028.
The site is opposite the Utilita Arena and is bordered by Redheugh Bridge to the west and King Edward VII Bridge to the east. Buy the profile here.
4. Deptford Landings Residential Community
The project involves the construction of three eight-story buildings comprising 189 homes on 4.54ha of land in Deptford Landings, southeast London.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Grove Lane Residential Community
The project involves the construction of 216 homes in Gloucestershire.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
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.
