Beirut - Lebanon's capital - newly redeveloped (7)

I believe the answer is:

rebuilt

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'redeveloped' is the definition.
Although both the answer and definition are past participle verbs, I can't see how they can define each other.

'beirut lebanon's capital newly' is the wordplay.
'capital' says to take the initial letters.
'newly' is an anagram indicator.
The first letter of 'lebanon' is 'l'.
'beirut'+'l'='beirutl'
'beirutl' anagrammed gives 'REBUILT'.

Can you help me to learn more?

(Another definition for rebuilt that I've seen is " Again put up".)

I've seen this clue in The Independent.

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