Module: Investment and Development Appraisal

Module details

  • Module code

    4248
  • Module leader

    Matthew Smith
  • Module Level

    7
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    36 hours
  • Teaching Period

    Semester 2

Module content

  • Economics cycles and the impact of market and social dynamics, including sustainability, on property development and investment;
  • An introduction to investment theory, including risk and return considerations,  as applied to property as a multi-asset portfolio concern
  • Strategic portfolio management, including, stock selection, diversification and risk reduction measures, performance setting, measurement and review
  • Investment and development appraisals including preparing investment worth, market valuations and discounted cash flow appraisals
  • Investment and development finance and funding

Module outcomes

To achieve credit for this module, students must be able to:

  • Demonstrate critical knowledge of investment theory  as applied to real estate portfolios, including an analysis of the requirements of a range of investors so as to make reasoned judgements and recommendations
  • Demonstrate critical knowledge and understanding of development appraisals and of property finance and funding avenues so as to make reasoned judgements and recommendations
  • Prepare investment and development appraisals using conventional and DCF techniques
  • Display competence in report writing, oral communication and inter-personal skills and an ability to behave ethically and reflectively 

Assessment

Assessment Description Weighting
Coursework Individual report 100%

Key texts

Student should be familiar with the content of the following:

  • Baum, A. (2015) Real Estate Investment: a strategic approach 2nd Ed. Estate Gazette Ltd.
  • Isaac, D., O'Leary, J. and Daley, M., (2016) Property development: appraisal and finance. Palgrave Macmillan
  • Wilkinson, S. Sayce, S. and Christensen (2015) Developing Property Sustainably Routledge

Programmes