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level
2 |
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Development Appraisals
Course L2:05
Understanding how the development process and cycle works
sits at the heart of the opportunities, developers see
for extracting value from greenfield and brownfield site situations. This
course considers both new build as well as refurbishment and change of
use opportunities to increase the value of commercial real estate.
Useful Pre-Requisites: Course L1:04 (Business Tenancies),
Course L1:07 (Property Inspection & Measurement) and Course L2:03 (Commercial
Valuation Techniques)
Framework:
- Meaning of development appraisals
- Exploiting opportunities
- The planning system
- Design considerations
- Development costs and funding
- Appraisal techniques
- Profit erosion
- Scheme winners and failures
- Planning gain
- Ransom strips
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