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:
Current from: 2019/0

Module Convenor: Prof Pat McAllister

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

Type of module:

Summary module description:

The module aims to provide students with an understanding of: the nature of the real estate 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 an 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.




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:

Outline content:

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

  

- Development and developers 

 

- Models of the development process 

 

- Scheme conception and site evaluation. 

 

- Risk in development 

 

- Land valuation and financial feasibility analysis


Brief description of teaching and learning methods:

The course will comprise lectures, in-class tutorials and problem-solving workshops.


Contact hours:
  Autumn Spring Summer
Lectures 30 1
Guided independent study:      
    Other 69
    Revision and preparation 100
       
Total hours by term 0 99 101
       
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written exam 100

Summative assessment- Examinations:

Three hour exam


Summative assessment- Coursework and in-class tests:

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

Assessment 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: 29 April 2019

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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