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Cambridge Finance Introduction to Property Development

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London

London

United Kingdom

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Description

The construction and major refurbishments of commercial and residential buildings have enormous social and public consequences in creating the future of the urban environment and economic sustainability of the real estate industry. Investment analysis is a vital part of the decision-making process to build or refurbish a property, i.e. start the construction.


When faced with the decision to build or not, developers will necessarily examine the financial feasibility of real estate projects. Investment analysis if therefore a crucial component of the process and projects that pass the financial screen get funding and built.

Who should attend this course:


The Introduction to Property Development course is suitable for those willing to understand the life cycle of property development, from site assembly to disposal.

This course is aimed at professionals new to real estate development, working for banks, property consultancies, town planners, architects, data providers, surveying and construction companies seeking to understand how the development process works.


Details


Duration: 1 day
Location: London
CPD Hours: 6
Level: Basic
Maximum number of delegates: 10


Content


Overview of the development decision making process



    • Site acquisition to planning, financing, construction and delivery


    • Market & competitive analysis


    • Political and legal analysis


    • Physical and design analysis



The trend towards green buildings


Development investment profile



    • Searching, evaluating, analyzing and acquiring a site


    • Obtaining planning permission and enhancing existing permissions


    • Construction, lease-up & tenant fit-out, stabilisation and operation



Funding development projects



    • Sources and types of funding available, current rates


    • Establishing a special purpose vehicle (SPV) and investment company: typical structures, terms sheets, shareholders relationships and fund administration



Construction budget mechanics



    • Construction loan structures


    • Lending criteria


    • Lending fees


    • Sample terms and structures



Development appraisals



    • Gross development value vs net development value


    • Residual land value


    • Profit on cost calculation



Exiting the development investment



    • Sales and marketing tactics


    • Pre-development sale


    • Operating asset sale, refinancing, part equity release, securitisation



Case Study



    • Development strategy for a development investor looking for a site




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London

United Kingdom

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