REMF49-Real Estate Development: Process, Practice and Appraisal

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Prof Pat McAllister

Email: p.m.mcallister@henley.reading.ac.uk

Summary module description:

The module aims to provide students with an understanding of: the nature of the real estte development process including the activities, agencies, events, relationships, skills and tasks involved; the factors which influence the process and its outcomes; and the types, characteristics utility and quality of buildings and schemes. The module also explores the methodologies involved in the appraisal and financing of development projects.


Aims:

The module aims to provide students with a practical understanding of:




  • The nature of the real estate development process, including the activities, agencies, events, relationships, skills and tasks involved.

  • The importance of the different actors in the real estate development process and the means by which they achieve their goals.

  • The financial appraisal of real estate development projects.


Assessable learning outcomes:

By the end of this module students should:




  • Understand the nature of and influences on real estate development. 

  • Analyse the varied facets of the real estate development process including the activities, elements, skills and participants involved.

  • Appreciate the nature and role of site evaluation, market research, development finance and risk in real estate development.

  • Understand a range of approaches to real estate development appraisal techniques and use them to assess the viability of development projects.


Additional outcomes:

In addition students will develop their business awareness, written communication and numeracy skills.


Outline content:

The module consists of a range of topics on development process and appraisal including



- Development and developers

- Models of the development process

- Scheme conception and site evaluation.

- Market research for development projects

- Risk in development

- Land valuation and financial feasibility analysis


Brief description of teaching and learning methods:

The course will comprise lecture, class tutorial and problem solving workshops with an individual project assignment acting as a consolidating and integrating vehicle for the taught material. It will be supported by a range of online resources.


Contact hours:
  Autumn Spring Summer
Lectures 30 1
Guided independent study 120 49
       
Total hours by term 150.00 50.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 100

Other information on summative assessment:

Exam: A written examination at the end of the module in the summer term. You will answer three questions from a selection of questions.


Formative assessment methods:

A range of workshop and quiz exercises will be used to help students’ to monitor their learning.


Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Three hours


Requirements for a pass:

The pass-mark for this module is 50%.


Reassessment arrangements:

Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.


Last updated: 10 May 2017

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