Industrial Construction Sector
CIS have calculated that over €600 million’s worth of projects have gone On-Site in the first 9 months of 2016 which is a 175% increase on the same period last year (Fig. 9). However, a large part of this increase is due to a small number of data centres which have gone on site this year in Leinster and Dublin to some extent.
Facebook Data Centre in Clonee, Co. Meath at On-Site Stage
This volatility in the market makes it extremely difficult to recognise patterns in the sector. We may discern some analysis from looking at the number of projects in each period. 167 projects have gone On-Site in this period of 2016. This is up from 148 in the same period last year which is in turn up 39 projects from the previous period in 2014 (Fig. 10).
Future Pipeline of Industrial Projects
According to our research, the sector has grown by 10% when compared with the same period in 2015. As can be seen from Fig. 11, Dublin and Connacht have experienced significant growth with Ulster ROI showing a drop of €65 million in the period compared to last year.
Looking further down the line, we can see an increase in activity in the sector with the value of projects which had Plans Submitted in the first nine months of 2016, up by €60 million on the same period last year (Fig. 12). We estimate that over €750 million in projects have been submitted for planning in this period.
To download our complete CIS Q3 Construction Market Review click here