The process encompasses activities that range from preparation of an area of vacant land and installation of infrastructure to the construction of a property. Sometimes referred to as "ground up" development period. Development includes the predevelopment phase and generally involves risks such as leasing risk, permissions/entitlement risk, construction risk, financing risk and zoning risk.
Global Definitions Database
Source: Global | Date: 02 March 2021 | ID: D0758 | Version: 5