Amortized – to gradually write off the initial cost of an asset over a period.
Bourse – another word for ‘stock exchange’ (French).
Capital expenditure (Capex) – funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment.
Capital Gains Tax (CGT) – tax on an asset (i.e., property) being disposed of for proceeds that exceed its base cost (‘How to calculate Capital Gains Tax when selling your Property’)
Conurbation – an extended urban area, typically consisting of several towns merging with the suburbs of a central city.
Gross Lettable Area (GLA) – the total area that can be rented out to tenant, normally expressed in square metres.
Net Property Income (NPI) – the amount (per annum) of gross income of any real property, less the property management expenses, building management expenses, repair expenses, utilities expenses, taxes, insurance premiums, and other related expenses.
Trading density – a term used to describe sales turnover achieved per rentable square metre in a store or shopping centre.