- 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
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
Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.
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