|School||Cardiff School of Planning and Geography|
|External Subject Code||K400|
|Number of Credits||20|
|Language of Delivery||English|
|Module Leader||Dr Alun Thomas|
This module provides students with an understanding of key concepts, techniques and trends associated with planning intervention in real estate development in market economies. The primary focus is the UK, but skills and analytical approaches will be transferable. It considers the implications for real estate development of public policy/planning challenges such as climate change and social justice. It develops skills in decision-making and judgement in relation to real estate development.
Lectures/workshops: inter-active short sessions of three kinds: a) introducing key dimensions of the real estate development process, eg institutional dynamics, funding, planning policy context etc.; b) case studies of real estate development initiatives; c) consolidating techniques – eg valuation, report-writing. In each case, the experiences of current practitioners will be drawn upon.
Study visits: to significant real estate development initiatives in the local area
Short essay: Role of planning in the development process; and development appraisal exercise (35%)
Report: Consultancy-style report assessing development potential of specified sites in light of real estate market circumstances, relevant planning policy and political realities (65%)
The module begins with an overview of the real estate development process and planning’s role in it. It introduces ideas of development appraisal and land valuation. This is followed by an exploration , through case studies, of the ways in which real estate development is bound up with challenges confronting the planning process, such as promoting social justice, and the challenge of climate change. A significant proportion of the latter stages of the module is devoted to considering how real estate development prospects and aspirations are shaped by spatially differentiated market trends , planning policy at various scales, and political circumstances.
Cadman, D. and Topping, R. (1995) Property Development. 4th Ed.London: Spon.
Guy, C (2006) Planning for Retail Development London, Routledge
Millington, A.F. (2000) Property Development. London: Estates Gazette.
Seabrooke, W et al (eds) (2004) International Real Estate : an institutional approach Oxford : Blackwell
Tiesdell, S and Adams, D eds (2011) Urban Design in the Real Estate Development Process Oxford, Wiley-Blackwell
Wilkinson, S. and Reed, R. (2008) Property Development. 5th Ed. London: Routledge.