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property company

    (in UKLR222) a company primarily engaged in property activities including:

      1. (a) the holding of properties (directly or indirectly) for letting and retention as investments;
      1. (b) the development of properties for letting and retention as investments;
      1. (c) the purchase and development of properties for subsequent sale; or222
      1. (d) the purchase of land for development properties for retention as investments.30