KA6024 - Real Estate Development

What will I learn on this module?

You will learn about the planning and development process in an urban context focusing on the management of pre-construction decision-making and the evaluation of projects including site investigation, planning and development control, viability assessment and development appraisal. The module aims to help you understand the complex social, economic and physical environment and market conditions within which real estate development takes place, develop your knowledge of the management of the development process, acquisition of development sites, identification of sources of development finance and allow you to recognise the crucial role that surveyors play in the real estate development process.

Indicative syllabus topics include:
* Real Estate Development process
* Site evaluation and investigation
* Planning decisions, conditions and challenges
* Market research for development
* Construction procurement and risk
* Acquisition and disposal of development land
* Development finance and funding
* Development control and enforcement
* Development viability and appraisal

How will I learn on this module?

Lectures will introduce you to the theoretical knowledge and seminars and workshops will develop this knowledge. You will be taught using a series of lectures, seminars and workshops that will progressively develop the topic from theoretical principles to practical examples. Lectures will be used to communicate key concepts and theories; seminar and workshop activities will use case studies to demonstrate application of key concepts; group discussions will give you the opportunity to engage with some of the more complex nuances of the subject; where possible, site visits and guest lectures will be organised in conjunction with planning and real estate development practitioners; the assessment will help you develop your project evaluation and financial appraisal skills; you will have access to a wide range of learning resources and guidance for both directed and independent learning, facilitated by use of the Blackboard Ultra electronic Learning Platform.

How will I be supported academically on this module?

The module team will support you by providing guidance and answer questions in relation to the module, its assessment and your progress, in class and via Blackboard Collaborate sessions. You can seek individual support and guidance in taught sessions and use the module discussion board on Blackboard.

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:
By studying this module you will be able to:

1. Appraise the financial viability of real estate development projects.

2. Evaluate real estate development projects from a planning and marketing perspective.

3. Compare alternative forms of development finance and methods of acquiring and disposing of development sites.

Intellectual / Professional skills & abilities:

4. Research and evaluate data and communicate results in a professional report

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

5. 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 100% of the module mark.

You will be required to prepare a full financial development appraisal of a development site to be presented as a professional report. (MLOs 1,2, 3, 4 and 5)

Tutor feedback on seminar, workshop and IT lab tasks will be provided in class and via discussion board and Collaborate sessions on Blackboard. Tasks will also create opportunities for peer feedback and shared learning.

Pre-requisite(s)

N/A

Co-requisite(s)

N/A

Module abstract

‘Real Estate Development will enable you to evaluate the feasibility of development proposals and assess the financial viability of real estate development projects.
The module aims to develop and deepen your knowledge of development management, the acquisition and disposal of development land, availability of sources of development finance and how to appraise the viability of development projects. The module will be taught using lectures, seminars, workshop, I.T. labs and site visits to introduce you to theoretical concepts and core knowledge. The preparation of an appraisal of the financial viability of a development opportunity will require you conduct market research and apply theory and knowledge to a real world scenario.

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 2022

Fee Information

Module Information

All information on this course page is accurate at the time of viewing.

Courses starting in 2021 are offered as a mix of face to face and online learning. We continue to monitor government and local authority guidance in relation to Covid-19 and we are ready and able to flex accordingly to ensure the health and safety of our students and staff.

Contact time is subject to increase or decrease in line with additional restrictions imposed by the government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors, potentially to a full online offer, should further restrictions be deemed necessary in future.

Our online activity will be delivered through Blackboard Ultra, enabling collaboration, connection and engagement with materials and people.

 

Current, Relevant and Inspiring

We continuously review and improve course content in consultation with our students and employers. To make sure we can inform you of any changes to your course register for updates on the course page.


Your Learning Experience find out about our distinctive approach at 
www.northumbria.ac.uk/exp

Admissions Terms and Conditions - northumbria.ac.uk/terms
Fees and Funding - northumbria.ac.uk/fees
Admissions Policy - northumbria.ac.uk/adpolicy
Admissions Complaints Policy - northumbria.ac.uk/complaints