The percentage of overall vehicle target Gross Asset Value (GAV) at any point in the life of the vehicle. Development exposure includes any development or redevelopment activities but excludes refurbishment. (RE)DEVELOPMENT includes all activities to obtain or change building or land use permissions and the financing and construction works for the project(s) with the intention to enhance the value of the property. This also includes improvements to enhance the utility or energy conservation of a property. The threshold for the (re)development is that if ≥15% of GAV of an individual asset is spent on (re)development, the whole GAV of that particular asset will be regarded as (re)development. If <15% of GAV of an individual asset is spent on (re)development, the whole GAV of that particular asset will be regarded as refurbishment.
SDDS Wiring-Guide
Target percentage of (re)development exposure
Topic: Vehicle Terms |
Field Level: Vehicle |
Label: vd_target_redevelopment_exposure |
Indicator ID: 1.11.2
Industry Mapping:
Definition:
Additional Guidance:
| Data Type | String |
| Values | Predefined list (drop-down selection): Not yet defined, ≤ 5% , > 5 - ≤ 25% , > 25% |
| Example | ≤ 5% |
| Reference Field | - |
| INREV Guideline ID | - |
| INREV Index reference | vd_target_redevelopment_exposure |
| External reference | - |
| GDD reference | - |