REMP29-Real Estate Development (Planning focus)

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: 2016/7

Module Convenor: Mr Edward Shepherd

Email: e.j.h.shepherd@henley.reading.ac.uk

Summary module description:
The module aims to provide students with an understanding of: the nature of the 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 of development projects as well as the legal underpinning of the UK planning system.

Aims:
The module aims to provide students with a practical understanding of:
- The nature of the development process, including the activities, agencies, events, relationships, skills and tasks involved
- The importance of the different actors in the property development process and the means by which they achieve their goals
- The factors which influence the process and its outcomes
- The balance between competing demands of developers and the planning system
- The types, characteristics, utility and quality of buildings and schemes
- The diversity of approaches in property development, development appraisal and their inherent value systems
- The methodologies involved in the appraisal of development projects, their relative strengths and their application to different stages of the development process
-The use of development appraisals in planning policy making and development management

Assessable learning outcomes:
By the end of this module students should:
- Understand the nature and influence of property markets and real-estate cycles on property development
- Recognise the varied facets of the development process including the activities, elements, skills and participants involved
- Understand simple residual and cash-flow based appraisal techniques and use development techniques to assess the viability of development projects
- Have a basic understanding of the main UK planning laws as they relate to real estate development
- Be conversant with planning law and process and its interrelationship with real estate development
- In addition students will develop their business awareness, written communication and numeracy skills.

Additional outcomes:

Outline content:
The module consists of three subject areas: (a) development process and activity, (b) development appraisal and finance and (c) planning law
The module includes significant case study content.

Brief description of teaching and learning methods:
The course will comprise lecture, class tutorial and problem solving workshops and computer workshops, with a major individual project assignment acting as a consolidating and integrating vehicle for the taught material.

Contact hours:
  Autumn Spring Summer
Lectures 15
Practicals classes and workshops 10
Guided independent study 175
       
Total hours by term 200.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 40

Other information on summative assessment:
Coursework: A 2,000 word report that includes a development appraisal (residual method)

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

Formative assessment methods:

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
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:
Two 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.

Additional Costs (specified where applicable):

Last updated: 21 December 2016

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