CPT857 - Planning and Real Estate

SchoolCardiff School of Planning and Geography
Department CodeCPLAN0
Module CodeCPT857
External Subject CodeK400
Number of Credits20
LevelL7
Language of DeliveryEnglish
Module Leader Dr Alun Thomas
SemesterAutumn Semester
Academic Year2014/5

Outline Description of Module

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.

On completion of the module a student should be able to

How the module will be delivered

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

Skills that will be practised and developed

·         Accessing and analysing data on property-market trends from standard sources

·         Assessing the real estate development  implications of planning policy at various spatial scales

·         Evaluating feasibility of detailed design options and mixes of use at site-specific level.

·         Report writing

·         Land valuation technique (residual)

·         Financial appraisal of real estate development proposals 

How the module will be assessed

Type of assessment

%Contribution

Title

Duration
(if applicable)

Approx. date of Assessment

Short essay

35

Planning and the development process – critical evaluation

1250

Autumn

Report

65

Consultancy-style report assessing development potential of specified sites in light of real estate market circumstances, relevant planning policy and political realities.

2750

Autumn

The opportunity for reassessment in this module

Students are permitted to be reassessed (usually once) in a module which they have failed, in line with course regulations. The reassessment will usually take place during the summer

Assessment Breakdown

Type % Qualifying Mark Title Duration(hrs) Period Week
Written Assessment 35 N/A
Short Essay
N/A 1 N/A
Written Assessment 65 N/A
Report
N/A 1 N/A

Syllabus content

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 a critical 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. 

Essential Reading and Resource List

Cadman, D. and Topping, R. (1995) Property Development. 4th Ed.London: Spon.

Millington, A.F.  (2000)  Property Development. London: Estates Gazette.

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.

Williamson, I et al (2010) Land Administration for Sustainable Development  Redlands, California, ESRI Press Academic

Background Reading and Resource List

Ambrose, P and Colenutt, B (1975) The Property Machine Harmondsworth, Penguin , chs 1 and 2.

Ball. M et al eds (1985) Land Rent, Housing and Urban Planning  London, Croom Helm, chs 1 and 11

Guy, C (2006) Planning for Retail Development  London, Routledge

Seabrooke, W et al (eds) (2004) International Real Estate : an institutional approach  Oxford : Blackwell 

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