By the early to mid-seventeenth century, Spain, England, France, and the Netherlands were all competing for colonies and trade around the world. Beginning in the late fifteenth century, explorers, conquerors, missionaries, merchants, and adventurers sought to claim new lands to colonize.
Renovation describes a series of planned changes and updates made to a facility where business is conducted. Office and building renovation will take place now and again in the environment of most business, at their own or at others' initiative, in response to new needs, technological pressures, or simply the need for maintenance and renewal. Renovation, for a business, may be a response to declining sales.
restoration - the state of being restored to its former good condition; the inn was a renovation of a Colonial house refurbishment, renovation melioration, improvement - a condition superior to an earlier condition; the new school represents a great improvement