Property Development. Development of the Property shall include the following:
Property Development. The Property shall be developed in accordance with the Project Approvals described in Section 2.1.
Property Development. Development of the Property shall comply with Town of Xxxxxxx development requirements applicable to similar properties.
Property Development. If the Property is developed, it shall be developed according to the Approvals. Except as may be specifically provided elsewhere in this Agreement, Property Owners have no affirmative obligation to commence development of the Property or to develop it at a specified rate once the development has commenced. No modification of the County’s ordinances, resolutions, policies, rules or regulations adopted after the Effective Date, which purport to limit the rate of development over time or to govern the sequence of development of land within the Project Area, shall apply to the Property. The provisions of this subparagraph apply to modifications adopted or imposed by the County Board of Supervisors, or through the initiative or referendum process.
Property Development. 3.1 For the purposes of practicality and equality, as well as the possibility of raising finance for development activities, the property owned by CHIBA RING in Ifafa Beach will be developed in three distinct phases, parts of some phases which could run in parallel.
Property Development. LodgeWorks has expended capital (and will continue to expend capital until the Primary Closing) on property development projects relating to the acquisition and development of certain properties (“Development Pipeline”) all as set forth on Exhibit D (which Exhibit may be updated by LodgeWorks before the Primary Closing).
Property Development. It is anticipated that the capital revenue funds shall be provided to FSUS Inc. to provide nominal payment for a long-term lease (50 years) to the BOR for the school site and to service the debt incurred to construct a proposed new school facility. In the event the new school is not constructed, only the DRS capital funds would be available for use by FSUS Inc. In the event the new school is completed and the amount of capital funding received exceeds that which is required to maintain the lease and provide for debt service, FSUS Inc. may utilize the funds to provide additional facilities for the DRCS, make capital improvements to the existing plant, or enter into joint post-secondary use or other collaborative agreements for the enhancement or extension of public education, including but not limited to the type of agreement contemplated by Section 235.195, Florida Statutes.
Property Development. WPL’s development land bank was reduced upon the completion of One Island South but rebuilt to 2.7 million square feet (attributable) following the acquisition of two commercial sites in Kowloon East in the third quarter of 2011, as described below. One Island South in Aberdeen is a Grade A commercial building with a GFA of 812,800 square feet. The project was completed in June 2011, with all the office floors, with a total GFA of 722,300 square feet, pre-sold for total proceeds of HK$3.3 billion with a profit of HK$2.1 billion for the Group. The 90,500-square-foot retail podium will be held for investment pending the completion of the MTR South Island Line, which will include a station (target opening 2015) opposite One Island South. The MTR Austin Station project is a prime residential development in Kowloon West being developed with New World Development on a 50:50 basis, with an attributable GFA of 641,000 square feet. It is located on top of the MTR station, next to the future terminus (target opening 2015) for High Speed Trains from Mainland China and borders the site of the West Kowloon Cultural District. The master layout plan and general building plan have been approved. Foundation work is underway. Superstructure work for the residential development at 000-000X Xxxxxx Xxxxxx Xxxx West, Homantin, is underway. The development has a total GFA of 91,700 square feet. The premium for the lease modification was paid in March 2011. The project is targeted for pre-sale in late 2011, subject to pre-sale consent. Foundation work for the residential development at 00 Xxxxxxx’x Xxxxxx, Western District, is underway. The development has a total GFA of 89,000 square feet. The project is targeted for pre-sale in late 2011, subject to pre-sale consent. In July 2011, WPL won a tender for a 76,200-square-foot commercial site at the junction of Xxx Xxx Street, Xxxx Xxx Street and Hoi Bun Road along the Xxxx Xxxx waterfront for HK$3.53 billion or HK$3,856 per square foot. The development, with a GFA of 914,900 square feet, will comprise two Grade A office buildings overlooking the Victoria Harbour and the future Kai Tak Cruise Terminal, with access to the Ngau Tau Kok MTR station. In August 2011, WPL won another tender for a 147,500-square-foot commercial site at the junction of Hung Luen Road and Kin Wan Street, within the core commercial hub of Xxxx Xxx, for HK$4.03 billion or HK$6,827 per square foot. The development, with a total GFA of 590,000 square feet, will ...
Property Development. In June 2011, WPL sold its 50% stakes in the joint ventures of four residential projects in Foshan, Guangdong, to Wharf for an aggregate consideration of HK$3,388 million, based on a property valuation of HK$5,138 million. In accordance with the prevailing accounting standard, the estimated profit of HK$1.3 billion from this sale will be recognised between the second half of 2011 and 2015 upon the staged completion and sale of the respective properties. XXXXXXXX PROPERTIES (SINGAPORE) LIMITED In accordance with Hong Kong Financial Reporting Standards, WPSL’s profit attributable to Xxxxxxxx for the half-year period ended 30 June 2011 was HK$181 million. Singapore
Property Development. Orchard View, a luxury residential development, was completed in May 2010. It comprises 30 four-bedroom apartments with private lift lobbies. 40% of the apartments were sold by June 2011 at an average price of over S$3,200 per square foot.
