Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks.

Asia-Pacific: Five Largest Stores Construction Projects Started in Q4 2022

  • With a project value of $500 million, the JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project was the largest Stores project in the Asia-Pacific, on which construction started in Q4 2022. The JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is located in Japan and initially announced in Q1 2019 with an estimated completion in Q1 2026. The Seibu Hldg – Tokorozawa Station West Exit Development – Saitama project was the second-largest project with a project value of $197 million, on which construction work started in Q4 2022. The Seibu Hldg – Tokorozawa Station West Exit Development – Saitama project is located in Japan and initially announced in Q2 2022 with an estimated completion in Q4 2024.

  • The SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka project was the third-largest project, the IKEA AB – IKEA Maebashi Store – Gunma was the fourth-largest project, and the Notion Con – Devasva 9 Residential Community – Gujarat was the fifth-largest project with a project value of $150 million, $65 million and $60 million respectively. The SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka project located in Japan was announced in Q2 2022 with an estimated completion in Q1 2026, the IKEA AB – IKEA Maebashi Store – Gunma project located in Japan was announced in Q3 2022 with an estimated completion in Q4 2023 and the Notion Con – Devasva 9 Residential Community – Gujarat project located in India was announced in Q1 2022 with an estimated completion in Q4 2027.

  • Among the five largest projects, the Notion Con – Devasva 9 Residential Community – Gujarat project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the IKEA AB – IKEA Maebashi Store – Gunma project is the shortest in terms of completion date, with construction expected to be completed in Q4 2023.

Asia-Pacific: Five Largest Stores Construction Projects Started in Q4 2022

Published: July 2022
Source: GlobalData

Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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