27. September 2016

Glossary

Greenfield development

This term covers building works on land not previously developed or marketed. As often as not, the properties involved represent former agricultural land (hence the name “greenfield”) rezoned for development as industrial or trading estate. Obtaining a planning permission therefore often marks the first step. In deviation of the above definition, the term is also used for plots that are already zoned for development as part of trading estates, but that have not been sold yet. This goes in any case for trading estates not created through land recycling.