property development
noun
PROPERTYukus[U]
theprocessofbuying,improving, andsellingbuildingsandland, andarrangingfor newbuildingsto bebuilt:
Thecompanythenexpandedintoresidentialandcommercialpropertydevelopment.
apropertydevelopmentbusiness/company
[C]
aplacewhere newbuildingshave beenbuiltor are beingbuilt:
Apropertydevelopmentin St Petersburg,worth$2billion, willserveastheirnewheadquarters.