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Real Estate & Urban Development Notes / Summary

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This is a summary / lecture notes of the Real Estate part of the course Real Estate, Urban Development and Information Management It contains the most important information you need to know for the RE midterm and final exam.

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Real Estate & Urban development
Summary
Book: Reed & Sims, Williams, Witkamp, DiPasquale & Wheaton
Course: 7U4X0
Made by: Sven Berghuis


Lecture 2: Reed & Sims - Chapter 1 2
The property development process 2
Phases 2
Main stakeholders 4
Different types of developers 5
Transformation 5
Types of vacancy 5

Lecture 3: DiPasquale & Wheaton 7
Four quadrant model of Dipasquale & Wheaton 7

Lecture 3: Williams - Chapter 5 10
Cyclic property market processes 10
Land and urban economics 11
Circularity 12

Lecture 3: Witkamp - Chapter 2 12
Circular concepts 12
Adoption of circularity in commercial real-estate 13
What does circularity mean for the role of the different actors? 13

Lecture 4: Reed & Sims - Chapter 3 14
Development appraisal 14
Conventional technique 14
Cash Flow method 15
Discounted cashflow method 15
Uncertainty and risk 16

Lecture 4: Williams - Chapter 2 16
Planning 16

Lecture 5: Reed & Sims - Chapter 7 18
Construction 18
1. Procurement 18
2. Procurement methods 18
Design-bid-build contract 18
Design and build contract 19

, Management contracting 20
3. Project management 21
4. Public Private Partnerships 21
5. Partnering 21

Lecture 5: Reed & Sims - Chapter 8 22
Market research 22
Market research in general 23
Primary vs secondary information 23
Types of market research in property development 23
Market research steps 24
Impact of market research 24




2

, Lecture 2: Reed & Sims - Chapter 1

The property development process




Phases
1. Initiation
● Start with location & idea
○ Initiators
■ Public parties: municipality
■ Private parties: project developer, (land/property) owner, investor.
○ Government policy is leading
○ In most instances, the developer is the initiator.

2. Investigation & analysis of viability
● Detailed market research
○ Positive outcome investigation & viability analysis -> decision to proceed by
developer

3. Acquisition
● Preparation prior to acquisition:
○ A: Legal investigation
○ B: Physical inspection & examination
○ C: Finance

4. Design and costing
● Influenced by client’s brief
● Design is a continuous process


3

Connected book
 image
Richard Reed, Sally Sims Property Development
Publisher: 2014 ISBN: 9780415825184 Edition: 1

Document information

Study
Summarized whole book?
No
Which chapters are summarized?
H1, h3, h7, h8
Uploaded on
June 28, 2020
Number of pages
24
Written in
2019/2020
Type
Summary
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