Here are Asia Pacific’s five largest commercial and leisure construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.
1. Yaesu 1-Chome East B District Type One Urban Redevelopment – $1,946m
The project involves the construction of a 249.72m high, 51-story above ground and four-story below ground, 225,063.24m2 mixed-use tower on 1.06ha of land in Tokyo, Japan.
Construction work started in Q4 2021 and is expected to be completed in Q1 2025.
The project aims is to provide better office, retail, and residential facilities in the region.
2. Yangzhou Yangtze River Delta Data Center – $1,570m
The project involves the construction of a data center in Yangzhou, Jiangsu, China.
Construction work commenced in Q4 2021 and is expected to finish in Q1 2025.
The new data center will enhance the level of internet support services and provide comprehensive data solution that helps to enable business solutions.
3. Sydney Metro Pitt Street Over-Station Development – $773m
The project involves the construction of an Over-Station development at Pitt Street, Australia.
Construction work started in Q4 2021 and is forecast to complete in Q4 2024.
The main aim of the project is to provide better hospitality and commercial facilities in the region.
4. Logistics Building New Building A – $660m
The project involves the construction of a six-story, 205,000m2 logistics facilities in Ota-ku, Tokyo, Japan.
Construction work commenced in Q4 2021 and is expected to be completed in Q3 2023.
The project aims to accommodate and improve logistic facilities and growth for various industries in the domestic market in the country.
5. MY06 Data Center Campus – $591m
The project involves the construction of a data center campus comprising three buildings with a combined capacity of 100MW IT load on 16.18ha of land in Sedenak, Johor, Malaysia.
Construction work started in Q4 2021 and is expected to be completed in Q4 2023.
The purpose of the project is to cater to the digital needs in the region.
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.