6 CPD hours
Course Code: T916
PROPERTY DEVELOPMENT APPRAISALS
Thursday, 11 September
This course is focused on both commercial and mixed-use property developments. It aims to provide delegates with an understanding of the process by which developments progress; from an initial ‘back of the envelope’ calculation, through to sophisticated cash flow and viability studies with sensitivity analysis.
The course includes an interactive workshop session. Delegates are advised to bring a calculator or laptop for this session.
The course will cover:
• Residual valuations and development appraisal
• Appraisal methodology
• Cash flow techniques
• Measures of profitability – profit erosion calculations
• Ground rent and premium derivation
• Refinement – sensitivity and marginal viability analysis
• Timing, phasing and interim receipts – grants etc
• Review of computer software – use of spreadsheets
• Avoiding negligence – making the right notes and assumptions
The day will be of interest to developers, advisers, landowners and public sector bodies concerned with or contemplating the development of land or buildings.
COURSE DIRECTOR:
Simon Wainwright, Managing Director, J Peiser Wainwright – Real Estate Advisers