Summer Boost for Welsh Construction
Posted by Glenigan on 19th September 2023 -
The Welsh construction industry enjoyed a boost over the summer that looks set to continue as major projects enter the procurement pipeline.
In the three months to the end of August 2023, the underlying value of construction project starts in Wales surged by 50% compared to the preceding three months according to Glenigan’s construction industry analysis.
Although this total remained down on a year earlier, there are positive signs for change as major developments move forward, such as the £80 million Fairwater Community education campus in Cardiff (pictured) (Project ID: 22020530). A detailed planning application was submitted this summer. If successful, contractor ISG should start work next March.
Data input
Wales is also attracting investment from companies building data centres.
Vantage recently submitted detailed plans for one of the biggest data centres in Wales and the UK. The St Athan Data Centre in Barry, South Glamorgan, is valued at £284 million. If planning is secured, work should start next May (Project ID: 22038068).
In Newport, proposals are being developed for a £148 million data centre in Celtic Way (Project ID: 23134133).
Also in Newport, Bouygues recently bagged the contractor’s role on the CWL12 proposal for four data centres and should begin construction in November (Project ID: 20087544).
Industrial boost
Industrial work is barrelling forward and the value of starts quadrupled in the latest quarter to £201 million.
More work is in the pipeline with developer FI Real Estate Management recently securing planning permission to build three units at Wrexham’s Industrial Estate (Project ID: 21557048). Work should start next summer. The same client has also submitted plans for a £10 million industrial development in Caernarfon (Project ID: 22032491
Facing north
Also in north Wales, the £90 million Wrexham Gateway (Project ID: 19237133) is producing a number of schemes.
Work started this summer on a £25 million redevelopment of Wrexham Football Club’s stadium (Project ID: 19237133). Plans for a £20.2 million transport hub are expected to start next March (Project ID: 18262444) and an £8 million business centre at Wrexham University should start the previous month (Project ID: 23083783).
Welsh Top 10
The most successful contractor in Wales is Morgan Sindall. In the 12 months to August 2023, the company won contracts totalling £148.1 million including the Wrexham stadium job and a £30 million school in Haverfordwest, where work should start next March (Project ID: 23176932).
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Glenigan
Glenigan is the trusted provider of construction project sales leads, industry data, analysis, forecasting and company intelligence. Glenigan combines comprehensive data gathering and exhaustive research with detailed statistical modeling and expert analysis .
