RE3RDP-Real Estate Development Process

Module Provider: Real Estate and Planning
Number of credits: 10 [5 ECTS credits]
Level:6
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2023/4

Module Convenor: Dr Claudia Beatriz Murray
Email: c.b.murray@henley.reading.ac.uk

Type of module:

Summary module description:

This module provides a course of study that focuses on the property development process. The module aims to provide students with an understanding of:

• the factors which influence the development process and its outcomes; 


• the activities, agents, events, relationships, skills and tasks involved; and  


• current trends in UK residential and commercial development.  

The content of the module is focused on some of the practicalities of real estate development, as well as on the broader political context in which development takes place. There is an emphasis on applying and linking concepts from economics, political economy, and finance in order to help students to develop their understanding of property development as a multidisciplinary and social process.  

This module is delivered at the University of Reading only.

Aims:

The module has two overarching aims:

1. To develop students’ understanding of some of the practicalities of the development process, i.e. the activities, agencies, events, relationships, skills and tasks involved.


2. To develop students’ capacity to critically analyse real estate development as a social and political process.

Assessable learning outcomes:

By the end of the module, it is expected that students will be able to:

• employ conceptual models to analyse the development process; 


• discuss the variety of different types of developers and their objectives; 


• critique the various private and public sources of demand for and supply of new development; 


• analyse the interrelationships of planning and the development process; 


• demonstrate understanding of how the development land market works.

Additional outcomes:

Outline content:

• Models of the development process


• Types of developers and development


• Residential developers and development


• Commercial real estate cycles


• Financialisation of real estate development


• Introduction to procurement and construction 


• Land owners, land acquisition and land promotion

Global context:

This module is primarily focused on the UK context, but does draw on case study material from various other countries. 

Brief description of teaching and learning methods:

The module will be delivered through lectures and class exercises.

Contact hours:

	Autumn	Spring	Summer
Lectures		20	0
Seminars		4
Guided independent study:
Wider reading (directed)		30
Exam revision/preparation			30
Reflection		16
Total hours by term	0	70	30
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written exam	100

Summative assessment- Examinations:

One two-hour examination.

Summative assessment- Coursework and in-class tests:

Formative assessment methods:

There will be a number of in-class non-assessed quizzes designed to help students consolidate their learning. 

Penalties for late submission:

The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/cqsd-old-site-documents/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

A mark of at least 40% is required for a pass.

Reassessment arrangements:

Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.

Additional Costs (specified where applicable):

Last updated: 27 September 2023