KA6024 - Real Estate Development

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.

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.

All modules at Northumbria include a range of reading materials that students are expected to engage with. Online reading lists (provided after enrolment) give you access to your reading material for your modules. The Library works in partnership with your module tutors to ensure you have access to the material that you need.

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

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.

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‘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.