NACEClass

NACE 68.12Development of building projects

Class · Statistical Classification of Economic Activities (Rev. 2.1 (2023))

Where 68.12 sits

  1. M Real estate activities
  2. 68 Real estate activities
  3. 68.1 Real estate activities with own property and development of building projects
  4. 68.12 Development of building projects

What 68.12 includes

  • Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale
  • Subdividing and improving of self-owned land for later sale
  • Redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale

What 68.12 excludes

  • Construction of residential and non-residential buildings, see division 41
  • Complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41
  • Painting and glazing activities as part of maintenance, see 43.34
  • Construction activities related to land improvement, see section F
  • Development of building projects for own operation, i.e. for renting out the space in these buildings, see 68.20
  • Architectural and engineering activities, see 71.1
  • Provision of architectural or engineering project management services for construction projects, see 71.1

68.12 in other systems

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