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 commercial and leisure construction projects that commenced in the UK in Q3 2024, according to GlobalData’s construction projects database.
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1. Hanging Gardens Tower
The project involves the construction of a 60,386m2 150m high 35-story office tower which will be 150m in height in Greater London.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The development team is targeting BREEAM Excellent, reflecting the commitment to a high standard of sustainability.
2. Huddersfield Town Center Regeneration: Cultural Heart Scheme
The project involves the construction of a 39,850m2 mixed-use complex in Huddersfield.
Construction work commenced in Q3 2024 and is expected to finish in Q3 2027.
It will create 460 jobs in the region and generate $13 million annually in social value.
3. CODE City Center Co-living Complex
The project involves the construction of a 32-story co-living complex comprising 1,015 flats in Sheffield city center.
Construction work started in Q3 2024 and is forecast to complete in Q3 2027.
The planning permission was earlier granted in 2020 for 38 stories later in November 2022, it changed to 26 stories, due to the impact of the development on the wind environment in its surroundings.
4. Stoke-on-Trent Student Village Development
The project involves the construction of a student village in Staffordshire.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
The part of the campus within the site comprises 743 existing student units which would be demolished. The existing Clarice Cliff Court, which currently provides 297 student units, will be renovated providing a total of 298 units. Buy the profile here.
5. Bendigo Student Accommodation
The project involves the construction of a 13-storey student accommodation building in Nottingham.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project aims to provide better quality accommodation in the city.
For more details on the latest construction projects, buy the profiles here.
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