Property Development and Related Activities definition

Property Development and Related Activities means the acquisition of uncompleted units in a building by the Trust and property developments (including both new development projects and re-development of existing properties) undertaken in accordance with the REIT Code and the CIS Code; …
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Property Development and Related Activities. ’ means the acquisition of uncompleted units in a building by the Trust and property developments (including both new development projects and re-development of existing Real Estate held by the Trust), but does not (for the purpose of determining whether the Property Development Cap has been complied with) include refurbishments, retro-fittings and renovations;
Sample 1
Property Development and Related Activities means the acquisition of uncompleted units in a building by the Trust and property developments (including both new development projects and redevelopment of existing Real Estate held by the Trust), but does not include refurbishments, retrofittings and renovation;
Sample 1

Examples of Property Development and Related Activities in a sentence

  • In addition to the above amendments to the REIT Code regarding Property Development and Related Activities, the amendments to the REIT Code in August 2014 have also introduced flexibility for REITs to invest in listed securities, unlisted debt securities, government and other public securities and property funds, subject to certain limitations.

  • There is no guarantee of a return from any investment in Property Development and Related Activities.

  • The Manager has not previously engaged in Property Development and Related Activities.

  • Such period may be extended if, for the reasons noted above, completion of the Property Development and Related Activities is delayed.

  • In relation to property development, the REIT Code Amendments allow REITs to engage in Property Development and Related Activities, which encompass: (a) the carrying out of property developments (including both new development projects and re-development of existing properties) undertaken in accordance with the REIT Code; and (b) the acquisition of uncompleted units in a building which is un-occupied or in the course of substantial development, re-development or refurbishment.

  • With the expansion of The Link REIT’s investment strategy to include Property Development and Related Activities, the Manager is able to add quality retail/commercial assets of its design to optimise and upgrade the portfolio of The Link REIT.

  • With the ability to engage in Property Development and Related Activities, The Link REIT may avoid being compelled to sell an aging property at a price that does not reflect the full potential of the property.

  • These are outlined below Property Development and Related Activities Uropa and Seasons Residential ApartmentsThis development undertaken by IEC (Management) Pty Ltd.

  • Proposed Increase of the Investment Limit regarding Property Development and Related Activities and the Proposed Amendments to the Trust Deed in relation thereto The Manager proposes to seek Unitholders’ approval for increasing the investment limit regarding Property Development and Related Activities pursuant to paragraph 7.2AA of the REIT Code, and amending the Trust Deed for such relaxation pursuant to Clause 36.1 of the Trust Deed.

  • In addition to the above amendments to the REIT Code regarding Property Development and Related Activities, the amendments to the REIT Code in August 2014 also introduced flexibility for REITs to invest in listed securities, unlisted debt securities, government and other public securities and property funds, subject to certain limitations.


More Definitions of Property Development and Related Activities

Property Development and Related Activities means the acquisition of uncompleted units in a building by the Trust and property developments (including both new development projects and redevelopment of existing Real Estate held by the Trust), but does not include refurbishments, retrofittings and renovations;” 5. A new definition of “Property Development Cap” be inserted in alphabetical order under clause 1.1 of the Trust Deed as follows:
Sample 1
Property Development and Related Activities means the acquisition of uncompleted units in a building by the Trust and property developments (including both new development projects and the redevelopment of existing properties, but does not include refurbishment, retrofitting and renovations) undertaken in accordance with the Code;”
Sample 1

Related to Property Development and Related Activities

  • Development Area means that area to which a development plan is applicable.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Mixed use development means a Building used, designed or intended for Residential and Non-Residential uses, where:

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.