REMP30-Real Estate Development and Planning Law

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: Dr Edward Shepherd

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

Summary module description:

This module will enable students to enhance their conceptual understanding of key elements of the real estate development process, fundamentals of planning law, as well as their practical understanding of the principles and practice of real estate development viability assessment. Students will develop their knowledge of the complex nature of real estate development, and how this complexity is influenced, managed and modelled by the different individuals, organisations and institutions involved, thereby resulting in diverse development outcomes.


Aims:

The aims of this module are to provide students with an understanding of:




  • The variety and complexity of the development process.

  • The events, agencies and relationships involved in the development process.

  • The activities, skills and tasks involved in the development process.

  • How a real estate development project relates to the site’s changing economic, physical and political context.

  • How the legal framework for planning influences the development process.

  • How the relationship between cost, value, time and risk is modelled in the assessment of the viability of a development proposal.


Assessable learning outcomes:

On completion of this module, students should be able to:




  • Critically compare different models for understanding the development process.

  • Explain the various roles influencing the development process.

  • Critically discuss the key factors affecting development viability.

  • Apply the industry standard technique for the assessment of the viability of development opportunities.

  • Apply the basic principles of the legal framework for planning in the assessment of development opportunities.


Additional outcomes:

Construct spreadsheet templates used to undertake major appraisals.


Outline content:


  • The development process.

  • Structure of the development industry.

  • Real estate development cycles.

  • Sources of risk and risk management.

  • Development appraisal.



Negotiating the legal framework for the planning system.


Brief description of teaching and learning methods:

The course will comprise lectures, class tutorials, problem solving workshops and computer



workshops, with an individual project assignment acting as a consolidating and integrating



vehicle for the taught material.


Contact hours:
  Autumn Spring Summer
Lectures 20
Practicals classes and workshops 10
Guided independent study 170
       
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.



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

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.


Last updated: 6 July 2017

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