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 Year2013/4

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

How the module will be assessed

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%)

Assessment Breakdown

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

 

Essential Reading and Resource List

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.

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