die Sanierung
Translation
renovation, refurbishment, restructuring, redevelopment
Examples
Die Sanierung des alten Gebäudes beginnt bald.
The renovation of the old building will begin soon.
Die finanzielle Sanierung der Firma war nötig.
The financial restructuring of the company was necessary.
Grammar Patterns
the renovation/restructuring ((of sth.)) Die Sanierung des Hauses kostet viel Geld.
Similar Words
Renovierung (renovation), Modernisierung (modernization), Restaurierung (restoration)
Etymology
From the verb 'sanieren', which comes from the Latin 'sanare' meaning 'to heal' or 'to make healthy'.
Memory Tips
Connect it to the English word 'sane' or 'sanitary'. A 'Sanierung' makes a building or a company's finances 'healthy' or 'sound' again.