KA6024 - Real Estate Development

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What will I learn on this module?

You will learn about development appraisals and develop a deeper understanding of the development management and the property development process. The topics include:
* Development process
* Development site evaluation
* Planning obligations and the Community Infrastructure Levy
* Market research for development
* Development appraisal
* Marketing of development sites and schemes
* Acquisition and disposal of development sites
* Development finance
* Challenges to planning decisions
* Breaches of development control

How will I learn on this module?

You will learn through lectures, seminars and independent learning. Lectures will introduce you to the theoretical knowledge and seminars will develop this knowledge. The seminar exercises provide multiple opportunities for self reflection, peer and tutor feedback.
Seminar Tasks will include: role-plays in which students will take on the roles of surveyor and client to practice providing advice on planning and development issues; exploring case-studies, preparing development appraisals; group discussions.

If you are in employment your workplace will be the main learning environment, in effect acting as a framework for real estate development. However, tutor support will be available via drop-in sessions throughout the module study period. If you are in employment it is recognised that there is the need for modes of blended learning delivery, experiential assessment, and opportunities to combine work and study through independent study, embedded learning opportunities, and relevant communications technologies. Lecture capture will be used to elaborate on the content contained in any teaching material along with audio recording and notes to support presentations on key topics.

How will I be supported academically on this module?

The module team will provide support to you including answering student queries and providing guidance in relation to the module. Time will be set aside to discuss the assessments and self reflection is encouraged. You can seek support in taught sessions and can also request guidance outside of class time via appointment.

If you are in employment your workplace will be the main learning environment, however, tutor support will be available via drop-in sessions throughout the module study period. The eLP, telephone and email will be used as a means of communication once the initial briefings have taken place and work-based visits will be made by tutors if appropriate.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

Please list below essential key text underpinning the module content and ultimately the learning outcomes:


INDICATIVE READING LIST OR OTHER LEARNING RESOURCES

Key texts

Isaac, D., O'Leary, J., & Daley, M. (2010) Property Development Appraisal and Finance. Second edn, Basingstoke: Palgrave MacMillan

Moore V. and Purdue M. (2012) A Practical Approach to Planning Law. Oxford: Oxford University Press

Ratcliffe, J., Stubbs, M., & Keeping, M. (2009), 3rd edn, Urban Planning and Real Estate Development. London: Routledge

Wilkinson S. and Reed R. (2008) Property Development. 5th edn.. Oxon: Routledge


Websites

Communities and Local Government www.communities.gov.uk
Estates Gazette EGI www.egi.co.uk
Focus http://focus.focusnet.co.uk
ISURV http://www.isurv.com/
Planning Portal http://www.planningportal.gov.uk/


Periodicals

Estates Gazette
Property Week
Planning
Regeneration and Renewal

What will I be expected to achieve?

Knowledge & Understanding:

1. You will be able to assess the financial viability of property development projects.

2. Appraise property development projects from a planning and marketing perspective.

3. You will be expected to compare alternative forms of development finance and methods of acquiring and disposing of development sites.

Intellectual / Professional skills & abilities:

4. You will research and evaluate data and communicate results in a professional report

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):

5. You will demonstrate the capacity for independent, evidence based thinking and decision making

How will I be assessed?

This module will be assessed through a coursework worth 50% of the module and an examination also worth 50%.

Using the learning and teaching from semester one, you will be required to prepare a development appraisal of a site in the North East of England to be presented as a professional report. (MLOs 1,2, 4 and 5)

The examination will cover the themes explored in semester two and will include a combination of scenario based and theoretical questions. (MLOs 3 and 5)

Tutor feedback on formative assessment will be given within the seminars in response to the various tasks. Many of these tasks will also create opportunities for peer feedback.

Pre-requisite(s)

N/A

Co-requisite(s)

N/A

Module abstract

‘Real Estate Development’ will enable you to evaluate development proposals and assess the financial viability of schemes.
The module also aims to deepen your knowledge about development management, the acquisition and disposal of development sites and sources of finance for development.

We have designed this module to ensure that there are many opportunities to receive feedback from peers and the teaching team during taught sessions and through the summative assessments. Preparing an individual development appraisal will give you the opportunity to carry out research, apply it to a real world problem and be creative when designing a scheme for the site. The module will help prepare you for the workplace, in particular through the strong emphasis on problem solving and the development of effective communication skills.

If you are in employment your workplace will act as a framework for real estate development to develop your professional skills.

Course info

UCAS Code K440

Credits 20

Level of Study Undergraduate

Mode of Study 3 years full-time or 4 years with a placement (sandwich)/study abroad

Department Architecture and Built Environment

Location City Campus, Northumbria University

City Newcastle

Start September 2020

Fee Information

Module Information

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