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February 25, 2022updated 16 Mar 2022 1:41pm

Europe’s five largest commercial and leisure construction projects that commenced in Q4 2021

By Carmen

Here are Europe’s five largest commercial and leisure construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.

1. Toblerone Mixed-Use Towers – $662m

The project involves the construction of a mixed-use complex comprising six towers ranging from eight to 40 stories in London, the UK.

Construction work started in Q4 2021 and is expected to be completed in Q4 2025.

The project aims to transform the offices of the Department of Health, which were constructed in 1993, along with the Keyworth Street Hostel for the homeless, London South Bank University’s Perry Library and Skipton House to provide better residential and office facilities in the region.

2. Quartier Grand Central Mixed-Use Development – $651m

The project involves the construction of a mixed-use complex on a 3.8ha area in Flingern, Düsseldorf, North Rhine-Westphalia, Germany.

Construction work commenced in Q4 2021 and is expected to finish in Q4 2026.

The project aims to provide residential, commercial and leisure facilities and meet the growing demand in Flingern.

3. Althan Quartier Mixed-Use Complex – $507m

The project involves the construction of the Althan Quartier mixed-use complex on a 2.4ha area with a total gross floor area of 130,000m2 in Vienna, Austria.

Construction work started in Q4 2021 and is forecast to complete in Q4 2024.

The project’s aim is to provide mixed-use facilities such as hotel, commercial and residential facilities under one roof. The first prize for the design contract was awarded to ARTEC Architekten. Due to administrative reasons, the main contract was awarded to a joint venture of Josef Weichenberger ZT GmbH and Delugan Meissl Associated Architects Clash Associates Ltd.

4. Construction City Office Building – $350m

The project involves the construction of a 103,000m2, 11-story office building in Oslo, Norway.

Construction work commenced in Q4 2021 and is expected to be completed in Q4 2025.

The project aims to offer the office solutions of the future whilst also being an attractive venue for learning and development with 4,500 workplaces. It will bring together the construction, civil engineering, and property industry in Norway.

5. Thriasio Pedio Freight Terminal and Intermodal Logistics Hub – $290m

The project involves the construction of a Freight Terminal and intermodal logistics hub on a 580,000m2 area at Thriasio Pedio, in Attica, Greece.

Construction work started in Q4 2021 and is expected to be completed in Q4 2024.

The project will be Greece’s first and largest intermodal terminal. The project site is strategically located near the Port of Ikonio in Piraeus and will be connected by road and railroad to Athens, Piraeus, and the Athens airport.

Methodology: 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.

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