Traduction de «Nadir sur le terrain » (Français → Anglais) :

64. Notes that Promotion Leopold (a subsidiary of S.A. SEL) in the case of the D4-D5 buildings, and S.A. Immomills Louis De Waele Development in the case of the Ardenne building forwarded documents establishing exclusive rights over the sites concerned, notes that SA Promotion Leopold is the outright owner of 11 % of the D4-D5 sites and has a purchase option on 89 % of the other D4-D5 sites, enabling it to acquire ownership of them at any time up to 6 April 2005, the date on which the option will expire (purchase option agreement of 6 April 2000 between the SNCB and SA Promotion Leopold) whereas SA Immomills Louis De Waele Development ac ...[+++]quired the "Ardenne" site by a contract of sale dated 23 January 1998 ;

63. Notes that Promotion Leopold (a subsidiary of S.A. SEL) in the case of the D4-D5 buildings, and S.A. Immomills Louis De Waele Development in the case of the Ardenne building forwarded documents establishing exclusive rights over the sites concerned, notes that SA Promotion Leopold is the outright owner of 11 % of the D4-D5 sites and has a purchase option on 89 % of the other D4-D5 sites, enabling it to acquire ownership of them at any time up to 6 April 2005, the date on which the option will expire (purchase option agreement of 6 April 2000 between the SNCB and SA Promotion Leopold) whereas SA Immomills Louis De Waele Development ac ...[+++]quired the ’Ardenne’ site by a contract of sale dated 23 January 1998;

- Treats land as a precious resource that must be used in the most efficient way possible, reusing land and empty property within the urban area in preference to seeking new land outside and avoiding urban sprawl (compact cities and, at the regional level, concentrated decentralisation);

7.40. In the capital account, expenditures on land improvements and the costs of ownership transfer on land are recorded as gross fixed capital formation, separately from land itself.

(b) transfers of other natural assets to economic activity: naturally occuring entities that change status to qualify as economic assets, economic assets being entities over which ownership rights are enforced by institutional units and from which economic benefits may be derived by their owners (e.g. exploitation of virgin forests, transfer of land from a wild or waste state to land that can be put to economic use, land reclamation);

This price does not necessarily equal the sum of all components constituting the costs of acquiring the land at the time of acquisition. Particularly the current market price may not cover the costs of ownership transfer or expenditures on land improvements not already written off to zero.