Below you will find an overview of the major ongoing projects, government statistics and reports from each of the markets we operate in. Where possible our researchers have referenced their sources, should you have any questions please contact build{at}oliverkinross.com

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sydney, NSW, australia:

auckland, new zealand:

  • New Zealand continues to construct more by value than ever before with recorded construction activity reaching $34b for 2016 and a continuation of this significant sustained growth is forecast.

  • Value increased by 8% in 2016, and is expected to grow another 23% to a peak of $42b in 2020 (http://www.mbie.govt.nz/publications-research/research/construction-sector-productivity/national-construction-pipeline-report-2017.pdf).

  • Residential building accounts for most of the growth in all construction, with a forecast peak of $25b in 2020.

  • Growth is also forecast for non-residential building with a peak of $9.6b in 2019.

  • Infrastructure increases an average of 4.5% a year in value throughout the forecast period to $9.5b in 2022.

  • The construction industry is rapidly changing and women are definitely making their mark.The number of women in the construction industry has grown exponentially in recent years, doubling to 17% over the last 15 years (http://www.nawic.org.nz/news-construction).

  • Auckland is the region with the highest share of multi-unit dwellings consented for 2016 (44%); this is forecast to increase to 50% by 2022. Almost 50,000 detached dwelling consents, and over 43,000 multi-unit dwellings, are projected for Auckland from 2015 through 2022.

  • Auckland is expected to dominate construction work over the six years to 2021, peaking in 2018 at $17 billion and hovering above $16 billion through to the end of the period (http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11681700).

  • The next 10 years will see approximately 50 major public projects developed for the city centre, including the City Rail Link, and potentially 40 major private developments that will deliver 3000 apartments and 250,000 square metres of office space (https://at.govt.nz/projects-roadworks/city-centre-transport-changes/).

  • The programme of work includes these major projects:

    • City Rail Link enabling package

    • Lower Queen Street

    • Queens Wharf

    • Quay Street

    • Harbour Edge projects

    • Downtown bus interchange (new network optimisation)

    • Fanshawe Street urban busway

    • Customs Street upgrade

    • Ferry Basin redevelopment

    • Downtown shopping centre block redevelopment (Precinct Properties NZ Ltd)

    • Stage 2 of the Beach Road cycleway

    • Seawall upgrade

    • Central wharves strategy.

new york, USA:

London, England:

scotland, United Kingdom:

  • Scottish Government has set a target to build 50,000 new affordable homes by 2021 to solve the ‘housing crisis’, backed by more than £3bn of investment.

  • Construction Industry Training Board Forecast (https://www.insider.co.uk/news/construction-industry-figures-scotland-sector-11969183):

    • Scotland's construction industry is expected to grow over the next five years.

    • A 3.9% growth in public housing each year is expected for the 2018-2022 period, with private housing growing at 2.9%.

    • Repair and maintenance of existing buildings is also scheduled to grow, with a year on year average rise of 2.6%, and 1.7% for non-housing related work.

    • All sectors, apart from infrastructure, commercial and public non-housing, are expected to grow with 10,650 new construction workers needed to meet demand.

  • Successful regeneration of Scotland major cities is essential for economy. The urban regeneration company Clyde Gateway is driving forward with £1.5bn of private sector investment to establish the Bridgeton, Dalmarnock and Rutherglen area as a hub of business activity, whilst hundreds of new homes are being built in the area as well. The positive uptake of office and industrial space shows the huge success this scheme has had (https://www.built-environment-networking.com/workplaces-regeneration-scotland/).

  • A new master plan is set to be developed to outline the longer term vision for Edinburgh’s Waverley Station. The masterplan, which will be led in partnership by City of Edinburgh Council and Network Rail, will future proof the station and surrounding area for future growth (https://www.built-environment-networking.com/edinburgh-waverley-station-masterplan/).

  • Detailed plans of the £90m Glasgow waterfront redevelopment project are set to be submitted later this year, with a completion target for mid-2020 subject to no delays in planning permission (https://www.built-environment-networking.com/90m-waterfront-redevelopment-set-glasgow/).

  • Springfield Properties 1.5bn project for five village developments in Scotland is on track. It will incorporate 10,000 homes alongside retail facilities, commercial space and local schools (https://www.built-environment-networking.com/springfield-properties-1-5bn-project-five-village-developments-scotland-track/).

  • Rail demand across Scotland has shown strong growth over the past decade and it is expected that growth will continue in future. The cost of providing these enhancements, through both the ScotRail franchise and through Network Rail’s enhancements programme, will amount to over £1.8751 billion of investment by the Scottish Government once they have been delivered in March 2019 (https://www.raildeliverygroup.com/component/arkhive/?task=file.download&id=469771815).