Oct 19, 2020 20:15
3 yrs ago
19 viewers *
Spanish term

bodegaje de terrenos

Not for points Spanish to English Bus/Financial Investment / Securities negocios inmobiliarios
Contexto: Financiamos a los operadores inmobiliarios la toma de posiciones de terrenos a mediano y largo plazo (bodegaje de terrenos), para el desarrollo de futuros proyectos.

Mi busqueda de "bodegaje de terrenos" llegó a esta definición: Consiste en financiar un terreno y arrendarlo en un acto simultáneo, regulado mediante un contrato de arriendo que obliga al vendedor original a ejercer la opción de retro compra a todo evento. El plazo se pacta caso a caso y se caracteriza por no superar los 10 años. El objetivo de este instrumento es desarrollar proyectos inmobiliarios intensivos en terrenos y por etapas en el tiempo.

¿Alguien conoce el término equivalente en inglés? Muchas gracias!

Proposed translations

4 hrs

short-term ground leasehold

.. with compulsory buy-back clause: '... regulado mediante un contrato de arriendo que obliga al vendedor original a ejercer la opción de retro compra a todo evento....'

I assume 'arriendo' in the question means leasing - ambiguously in AmE - but the freeholder letting rather than the tenant renting in BrE.

I can't say land 'warehousing' rings any bells, though Taña D's allusion to a 'land lease replacing equity' tucked away at the end of her reference made me think this is a building /development/ lease or ground lease scenario.

Short-term : less than 10 years.
Example sentence:

A ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a new build. The lessee is the owner of the building only.

A ground lease is an agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner.

Note from asker:
Thank you!! I will have to check which of the two makes more sense with people at my office. This is super helpful! :)
Peer comment(s):

disagree philgoddard : "A mediano y largo plazo". And I don't see how (say) nine years can be described as short term.
13 hrs
agree Robert Carter : Considering that a long lease was more than 21 years (in E&W), >10 years seems pretty short to me.
21 hrs
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17 hrs

land leasing replacing equity

Land lease replacing equity (a term in one of my earlier references).

While in my references I alluded to "warehousing", and depending on your target audience, that concept might not be abolutely clear to everyone, and you do need clarity!


https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=...
A su vez, la inversión financiera en suelo urbano no solo se explica por la formación de bur bujas asociadas a la expansión de la demanda inmobiliaria corriente. Dado que el suelo urbano es la principal condición de producción del sector inmobiliario, las empresas de desarrollo inmobiliario tienden a generar reservas de suelo -que en el rubro denominan "bodegaje de terreno"- según sus requerimientos a corto, mediano y largo plazo, dependiendo del tamaño de la empresa y su cartera de proyectos a ejecutar. Y en ese proceso de capitalización del suelo es posible observar la formación de un conglomerado inmobiliario-financiero dedicado a la adquisición de terrenos para proyectos futuros, lo que asegura la disponibilidad de éste y anticipa su valorización (Gasic, 2018).


https://www.lincolninst.edu/sites/default/files/pubfiles/wai... (page 44)
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17 hrs

land investment

'bodegaje' suggests storage.

Since it's in connection with leasing or renting out ground space, it suggests investment.

It involves financing a plot which can be rented out simultaneously, by means of a leasing contract in which the original seller can exercise a buy-back option. The time phase is agreed by each case individually and does not normally exceed ten years. The objective is property ground development by time phases.



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Note added at 18 hrs (2020-10-20 15:07:34 GMT)
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'un terreno'
a plot of land
an allotment
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Reference comments

16 mins
Reference:

Refs. - land warehousing

https://scocal.stanford.edu/opinion/connor-v-great-western-s...
The arrangement for the purchase of the land by Great Western was an early example of what has come to be known as "land warehousing." Under such an arrangement, a financial institution holds land for a developer until he is ready to use it. Unlike a normal bailee of personal property, however, the institution retains title to the property as well as the right to possession.




https://scholarship.law.stjohns.edu/cgi/viewcontent.cgi?arti...
Condominium Investments and the Institutional Lender--A Re ...scholarship.law.stjohns.edu › cgi › viewcontent › context...PDF

Great Western employed a geologist to check on the available quantity of water. As part of the ***"land warehousing"** plan, Great Western actually took title to the land for a period of time.12' Great Western knew that the developer was highly undercapitalized and in weak financial condition. Having required
plans and specifications, Great Western did not examine the foundation
plans and made no recommendations as to the design or construction
of the houses, although its inspectors visited the property weekly to
verify that the building plans were being followed and that money
was disbursed only for work completed.


https://digitalcommons.nyls.edu/cgi/viewcontent.cgi?article=...
Construction and Development Financing v1 & v2digitalcommons.nyls.edu › cgi › viewcontent PDF
Land warehousing by third-party ownership. - Predevelopment land syndicates. Land banks. Land lease replacing equity. Land financing with options. -Options ...
Land warehousing by third-party ownership
Note from asker:
Thank you, Taña. This is really helpfull! :)
Peer comments on this reference comment:

agree philgoddard : This should be an answer rather than a reference comment.
17 hrs
Thanks. I have entered an answer now, whether land warehousing which may lack clarity or land leasing replacing equity (a term alluded to in one of my references).
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