Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Renovation

The process of improving, remodeling and/or rehabilitating a real estate asset in order to enhance its intended function, extend the period of usage and increase value and/or related cash flows. Sometimes referred to as “refurbishment”.

Source: Global | Date: 02 March 2021 | ID: D0761 | Version: 3