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Greenfield

Greenfield: Greenfield is the term used to describe a land plot where a real estate development project is taking place when the land plot is free from any significant existing buildings or other previous development (in constrast to a Brownfield site). The land of a Greenfield site is therefore largely in its natural state, unaltered by major human activity, with the exception of agriculture. Greenfield sites are thus expected to be free of polution / contamination – although such problems may spread to a Greenfield site from surrounding developed sites. Greenfield sites also lack on-site utilities and may be far from utilities, roads and other infrastructure, which may have to be delivered to the site at the cost of the project’s investors. Due to the absence of a previously permitted use that would be connected to the existing buildings found on a Brownfield site, the developer often must gain permission for the type of use contemplated, as well as for the specific project scope and design.

Term in Russian