Gross Development Value definition

Gross Development Value means the estimated market value (as determined by an Approved Valuer) of a proposed development that can be built on a given site assuming completion.

Gross Development Value means the gross development value of the Project upon completion of the development and construction of the Project.

Gross Development Value means the value of the Property assuming the development of the Property has been completed in accordance with the development programme delivered to BGSL under the conditions precedent listed in the Facility Letter.

Examples of Gross Development Value in a sentence

• For the Hi Tech Lands, each Hi Tech JV Partner is entitled to a sum equivalent to thirty percent (30%) of the Gross Development Value attributable to the land owned by that Hi Tech JV Partner; OR a sum of RM650,000 only per acre of the land owned by that Hi Tech JV Partner whichever is the higher (“Hi Tech JV Partners’ Entitlement”).

• SYFD is entitled to the remaining seventy percent (70%) of the aggregate Gross Development Value attributable to the Hi Tech Lands.

• Gross Development Value: the projected market value of the Property on completion evidenced by the most recent valuation addressed to the Bank, from a valuer acceptable to the Bank.

• Aurora Melbourne Central is an 88-storey mixed-use development comprising 959 residential apartments, 252 serviced apartments, office suites and retail with a total Gross Development Value (“GDV”) of AUD750.0 million.

• The Development Land is proposed to be transformed into a residential project comprises 579 units of services apartment with estimated total Gross Development Value (“GDV”) of approximately RM500 million spanning over an estimated project period of 4 years (“Proposed Development”).

More Definitions of Gross Development Value

Gross Development Value. Means the composite sum of development values as defined and determined in the Viability Appraisal and similar to that appended as the Sixth Schedule hereto.

Gross Development Value means at any given time the figure set out alongside that heading in the then current Cashflow; Highways means roads, cycleways, footpaths, pavements, accessways, squares, courtyards, driveways, forecourts, entranceways and ancillary verges, landscaped areas, lighting, street furniture, drains, other utilities and associated works; HMRC means Her Majesty's Revenue & Customs; HS Act means the Health and Safety at Work etc. Act 1974; Individual means one or more individuals (not being a partnership, firm, trust, body corporate, government, governmental body, authority, agency or unincorporated body of persons or association) who intends or intend to occupy the relevant Dwelling for his, her or their sole or main residence; Information means:

Gross Development Value means the Market Value of the Property assuming that Practical Completion has occurred and net of all related costs and adding back any deductions in the most recent Valuation made for void periods, leasing commissions and any form of tenant incentives (rent frees, capital contributions, discounted rents, etc.), to the extent such deductions are covered by corresponding available amounts under the Notes, in each case in line with the latest Budgeted Business Plan approved by the Noteholders prior to the Issue Date or by Noteholders’ Representative at that time after the Issue Date, in any case in compliance with guidelines from the Royal Institution of Chartered Surveyors.

Gross Development Value means the actual long leasehold or freehold capital receipt and independently confirmed estimated capital receipt of each Disposal of a New Dwelling together with all other actual sale proceeds capital payments and receipts paid to or received by the Owner or by others on their behalf after the date of this Agreement in respect of any Disposal (and in the case of a Deemed Disposal of a New Dwelling the Open Market Value) including in each case (but not limiting the generality of the foregoing) any income or receipt generated by the Owner from:‐

Gross Development Value means the estimated Market Value of the Development based on completed sales, detailed comparable evidence and on the assumption that the Development’s value will be assessed on the basis that the Development is fully built out

Gross Development Value means the estimated market value (as determined by an independent Approved Valuer) of a proposed development that can be built on a given site assuming completion and issuance of temporary occupation permit and certificate of statutory completion.

Gross Development Value means, in relation to the individual units of semi- detached and detached factories to be erected on the Hi Tech Lands (“Hi Tech Units”), the price at which a Hi Tech Unit might reasonably be expected to be sold to a willing purchaser.