The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest educational building construction projects initiated globally in Q2 2024, according to GlobalData’s construction projects database.
1. Wichita Biomedical Campus
The project involves the construction of a 43,757m2, eight-story biomedical campus in Wichita, Kansas, the US.
Construction work started in Q2 2024 and is expected to be completed in Q4 2028.
Once, completed the project will be a hub for the health sciences center in downtown Wichita that will centralize healthcare education, collaboration, and research. Buy the profile here.
2. CoStar Center for Arts and Innovation Building
The project involves the construction of a 19,788m2 arts and innovation building on 0.4ha of land in Richmond, Virginia, the US.
Construction work commenced in Q2 2024 and is expected to finish in Q1 2027.
The project aims to consolidate programming to encourage students in interdisciplinary ventures that range across the fields of arts, engineering, business, and medicine. It also aims to attain LEED Silver Certification.
3. Lichtenhagen University Building
The project involves the construction of a university building with a gross floor area of 50,000m2 on a 1.9ha of land on Möllner Straße in Lichtenhagen, Rostock, Mecklenburg-Vorpommern, Germany.
Construction work started in Q2 2024 and is forecast to complete in Q1 2026.
The project aims to build an university building with modern amenities in order to be a positive and inspiring landmark of future working and learning environments as a sustainable federal flagship. Buy the profile here.
4. Norwalk High School and P-TECH Campus
The project involves the construction of a 30,902m2 school and P-TECH campus on 13.75ha of land in Norwalk, Connecticut, the US.
Construction work commenced in Q2 2024 and is expected to be completed in Q3 2027.
The project aims to provide better education facilities and it will house 2000 students. Buy the profile here.
5. Veterinary Health and Education Complex Expansion
The project involves the expansion of the existing Veterinary Teaching Hospital by 19,788m2 in Fort Collins, Colorado, the US.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
The project aims to upgrade and expand its veterinary medicine and education facilities.
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.
