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 Q3 2024, according to GlobalData’s construction projects database.
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1. Channings Wood Prison Expansion
The project involves the expansion of HMP Channings Wood prison in Newton Abbot, Essex, the UK.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
2. Pension Insurance Headquarter Renovation
The project involves the complete renovation of the Pension Insurance Institute (PVA) building in Vienna, Austria.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2027.
3. Ivan Shchipakin Museum Complex
The project involves the construction of a museum complex in Stavropol, Russia.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Oerlikon North Fire and Medical Station
The project involves the construction of the North fire and medical station at Binzmühlestrasse 156 in Oerlikon, Zurich, Switzerland.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2025.
The project aims to build a fire and medical station with modern amenities, named as North Guard from Schutz & Rettung Zürich. It intends to offer space for the units and vehicles of the militia fire brigade, which can thus work even more closely with the professionals and meet the Minergie-P-ECO standard, and will be equipped with a photovoltaic system on the roof. Buy the profile here.
5. HMP Bullingdon Prison Expansion
The project involves the expansion of HMP Bullingdon Prison in Oxfordshire, the UK.
Construction work started in Q3 2024 and is expected to be completed in Q1 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.
