SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N224000
Module Leader Steven Latta
School School of Computing, Engineering and Built Environment
Subject Construction and Surveying
  • A (September start)-B (January start)
  • A (September start)

Pre-Requisite Knowledge

M1K420745 Urban Studies, M1K222027 Valuation of Property 1

Summary of Content

Overview of the development process and current themes. The identification, investigation and assembly of land for development. Contaminated land issues and sustainability. Development finance and appraisals. Property market research. Procurement and selection of building contracts. Promotion and disposal - selling, letting.


An overview of the development process. Land for development, site identification and assembly, contaminated land issues. Property market research and analysis - suppliers and users, uses, types, strategic and site specific information, forecasting, portfolio analysis. Development finance - sources and methods. Development appraisal - residual valuations and DCF techniques. Procurement routes and evaluation of building contracts. Promotion and disposal - selling and letting.

Learning Outcomes

On successful completion of the module the student should be able to:1. Contribute to the production of data to guide business decisions and appreciate the interaction of a variety of influences.2. Demonstrate an understanding of the development process including site identification and assembly.3. Demonstrate an understanding of the market research needs in respect of property development.4. Evaluate sources and methods of raising development finance.5. Demonstrate an understanding of various development appraisal techniques and their application.6. Demonstrate an understanding of various procurement routes and evaluate different building contract.7. Demonstrate an understanding of the techniques relating to promotion and disposal.

Teaching / Learning Strategy

Lectures provide an introduction to theoretical and applied standard textbook material. Project coursework and tutorials will provide an opportunity to explore and clarify fundamental concepts and relevant applications in preparation for the final exam. Seminars will introduce practitioners, highlight current issues and explore alternative responses. Learning and teaching strategies will be developed and implemented, appropriate to students' needs, to enable all students to participate fully in the module.

Indicative Reading

Havard Tim, Financial Feasibility Studies for Property Development Theory and Practice, 2014 Isaac David, O'Leary John and Dale Mark, Property Development: Appraisal and Finance (Building and Surveying Series) 2010 Kalin Christian H, International Real Estate Handbook, 2005 Keeping Miles, Sustainable Property Development: A Guide to Real Estate and the Environment] 2004 Reed Richard and Sims sally, Property Development 6th edition 2015 Seabrooke William, Kent Paul and Hong How Hebe Hwee, International Real Estate an Institutional Approach, 2004 Wilkinson Sara J, Sayce Sarah L and Christensen Pernille H Developing Property Sustainabily, 2015 Balchin P et al (2004) Urban Land Economics and Public Policy, MacMillan Cadman (2008) Property Development, Taylor & Francis Millington AF (2000) Property Development, Estates Gazette Ratcliffe and Stubbs (2003) Urban Planning & Real Estate Development, UCL Press

Transferrable Skills

Knowledge and understanding in the context of the subject (D3) Team working skills (D12) Written and oral communication skills (D14) Analytical and problem solving skills (D1)

Module Structure

Activity Total Hours
Lectures (FT) 24.00
Independent Learning (FT) 110.00
Seminars (FT) 24.00
Assessment (FT) 18.00
Tutorials (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 30.00 35% Coursework will comprise report (maximum 3,000 words) and presentation
Exam 01 n/a 70.00 35% Exam covering elements of the syllabus