The value of Japan construction market is forecasted by GlobalData to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. A key growth market will be the infrastructure market, with output rising by 1.5% 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 five largest construction projects initiated in Japan during Q3 2024, according to GlobalData’s construction projects database.
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1. Uchisaiwaicho 1-Chome District Redevelopment
The project involves the construction of a mixed-use complex with a floor area of 1,100,000m2 comprising four towers on 6.5ha of land in Tokyo.
Construction work started in Q3 2024 and is expected to be completed in Q1 2038.
The project aims to provide better commercial and leisure facilities in the region. Buy the profile here.
2. Nishi-Azabu 3-chome Northeast District Urban Redevelopment
The project involves the construction of a 200m high, 54-story mixed-use complex with a floor area of 96,826m2 on 0.7ha of land in Minato-ku, Tokyo.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2028.
The project aims to provide better residential and commercial facilities in the region. Buy the profile here.
3. CyrusOne KEP OSK1
The project involves the construction of a four-story, 19,693m2 data center with a capacity of 48MW in Kansai.
Construction work started in Q3 2024 and is forecast to complete in Q4 2030.
4. DPL Osaka Nanko I Logistic Center
The project involves the construction of an 85,799.87m2, five-story, logistics facilities on 3.43ha of land in Osaka City, Osaka Prefecture.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2026.
5. Sendai City Main Government Building Redevelopment
The project involves the construction of a 79.8m,15-story above-ground and two-story below-ground, administrative building with a floor area of 65,000m2 on 1.45ha of land in Sendai City, Miyagi Prefecture.
Construction work started in Q3 2024 and is expected to be completed in Q1 2031.
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.
