Italian to English Bus/Financial Business/Commerce (general) Bilancio

On this balance sheet:

Valore della Produzione:
1) Ricavi delle vendite e delle prestazioni
a) vendita immobili e terreni (followed by name of area)
Privati lungomare
Porzioni di terreni (followed by two place names)

Does this refer to privately-owned land near the sea?
There is no other ref to this within the doc.

Thank you.